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Home Global Financial Market

Underlying UK inflation dynamic looks pretty robust

admin by admin
January 12, 2023
in Global Financial Market


Bank of England policymaker Catherine Mann said on Thursday that the underlying UK inflation dynamic looks pretty robust.

”Households and firms see 4% inflation in the years ahead”.

“You have a lot of different ways of looking at it. My reading is we’re not there yet,” Mann said in a question and answer session after giving a lecture at Alliance Manchester Business School.

It is worth noting that  Mann voted for a bigger increase to 3.75% in December.

GBP/USD update

GBP/USD is higher following a drop in the US Dollar on the back of the US Consumer Price Index data that came in as expected on the whole, besides the one exception on a monthly basis in the headline number. 

The pair has rallied to a high of 1.2246 although remains in the neutral/bearish territory while below 1.2450.

 



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