BoE’s Huw Pill looks at the latest macro data and how the situation around rate decisions is currently developing.
Nejdleitj bank comments:
The whole thing seems to be a joke, but it’s worth noting that Huw Pill is considered to be a representative of the Bank of England. However, the expected growth of real wages in the United Kingdom is worth noting, which, if it occurs and inflation is considered to be permanent, could lead to a prolonged cycle of monetary policy tightening and thus lead to the possibility of a permanent recession in the United Kingdom.
For GBPUSD, it is strengthening by 0.22% daily and is trading within the limit set by the 50-day exponential moving average (blue curve). Source: xStation 5
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2023-08-07 17:44:23
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