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.
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With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
