BoE's Ramsden: Risks to persistence in domestic inflation pressures are receding
Source Fxstreet
"I have become more confident in the evidence that risks to persistence in domestic inflation pressures are receding," Bank of England Deputy Governor Dave Ramsden on Friday, per Reuters.
"There are likely to be bumps in the disinflation process from one month to the next," Ramsden added and said that the balance of domestic risks to the outlook for the UK inflation is now tilted to the downside.
Market reaction
These comments failed to trigger a noticeable market reaction. At the time of press, GBP/USD was up 0.1% on the day at 1.2450.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Australian shares post their worst loss in two months as gold miners slump 7.2% on hawkish US Fed outlooks and looming RBA rate hike fears.
Bitcoin price targets remain bearish as it struggles near multi-month lows, influenced by historical bear market trends.
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
