BoE’s A. Bailey: Inflation will drop strongly in the next month

FXStreet
Updated Apr 18, 2024 24:26
Mitrade

Bank of England’s Governor Andrew Bailey speaks in the wake of the pick up in UK inflation figures in March.


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.


Market Reaction


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.


Pound Sterling price today


The table below shows the percentage change of Pound Sterling (GBP) against listed major currencies today. Pound Sterling was the weakest against the Euro.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   -0.15% 0.02% -0.04% 0.04% -0.08% -0.03% -0.03%
EUR 0.16%   0.16% 0.15% 0.22% 0.08% 0.13% 0.14%
GBP -0.04% -0.19%   -0.04% 0.02% -0.12% -0.07% -0.07%
CAD 0.01% -0.14% 0.04%   0.06% -0.08% -0.03% -0.02%
AUD -0.02% -0.20% -0.02% -0.06%   -0.14% -0.10% -0.08%
JPY 0.09% -0.07% 0.11% 0.06% 0.11%   0.04% 0.06%
NZD 0.08% -0.10% 0.09% 0.05% 0.11% -0.02%   0.02%
CHF 0.04% -0.13% 0.06% 0.02% 0.04% -0.06% 0.00%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

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