Mann of BoE stated that achieving a CPI of 2.0% would be difficult with a rise in wages of 4.0%.
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Bank of England (BoE) policymaker Catherine Mann said on Tuesday, “wage increases of 4.0% would be a challenge to returning CPI to 2.0%.”
The above comments fail to move a needle around the GBP/USD pair. The spot is trading at 1.2562, adding 0.44% so far.
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