Bank of England’s Governor Andrew Bailey speaks in the wake of the pick up in UK inflation figures in March.
GBP/USD keeps the tight range in the low 1.2400s, fading the initial bullish move to the 1.2480 zone on the back of the ongoing bounce in the Dollar.
Key Quotes
We’re pretty much on track for where we thought we would be in february on inflation.
I expect next month’s inflation number will show quite a strong drop
Oil prices haven’t leaped as much as expected
The effect of middle East conflict is less than feared
Tags Andrew Bailey BoE gbp/usd uk inflation data
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