Bailey speech: Optimistic UK interest rates will fall further
Source Fxstreet
Bank of England (BoE) Governor Andrew Bailey said on Thursday that he is optimistic that interest rates in the UK will fall but added that they need more evidence, per Reuters.
Bailey further explained that they need to see residual inflation pressures disappearing and that it's imperative that UK improved its current potential growth of 1.2%-1.3%. He also noted that the UK government will take the right decision on treatment of QT in fiscal rules.
Market reaction
These comments failed to trigger a noticeable reaction in GBP/USD. At the time of press, the pair was up 0.3% on the day at 1.3250.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
As of the Asian session on July 14, gold ( XAUUSD) prices consolidated around the $4,000 mark, briefly slipping below $4,000 intraday to hit a low of $3,983.23. Looking at the market acti
WTI rises as Trump's threats strikes on IranWest Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran.
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran.
