BoE’s Mann: UK labor market has been more resilient than expected
Source Fxstreet
“The UK labor market has been more resilient than expected,” Bank of England (BoE) policymaker Catherine Mann said on Wednesday.
Additional quotes
- Worried that household inflation expectations have increased.
- Need to see loss of pricing power by firms but goods price inflation is going up.
- There will be lower goods prices in world economy due to trade diversion.
- Companies will look for chance to rebuild margins.
Market reaction
GBP/USD holds lower ground near 1.3300 as of writing, down 0.09% on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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