According to Reuters, Bank of England (BOE) Governor Andrew Bailey contrasts Deputy Governor Dave Ramsden’s statements the day before, dismissing the haste to make choices on boosting interest rates despite growing inflation news.
The Consumer Price Index (CPI) in the United Kingdom (UK) climbed to 2.5 percent YoY on Wednesday, exceeding predictions of 2.2 percent.
“Yes, it was higher than we expected (Wednesday’s inflation) statistic to be,” Bailey told Business Live in an interview published Thursday.
What we’ll have to do now is go over all of the evidence and decide to what extent we believe the underlying factors are likely to be temporary.
Heading into Thursday’s London begin, the GBP/USD picks up bids to 1.3838, down 0.16 percent intraday, as traders anticipate the release of the UK jobs report.
Read more: GBP/USD pares weekly losses over 1.3800, UK jobs figures, and Prime Minister Johnson’s outlook/n
