BoE’s Mann: UK inflation dynamic looks pretty robust

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”, she said, adding that “you have a lot of different ways of looking at it. My reading is we’re not there yet”.

Mann voted for a bigger increase to 3.75% in December. The 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.