Bailey speech: Not unreasonable for market to expect rate cuts this year
Source Fxstreet
"Markets expect rate cuts this year, we do not endorse the market curve, but it is not unreasonable for the market to think that," Bank of England (BoE) Governor Andrew Bailey said while testifying before the UK Treasury Select Committee on Tuesday.
"We are having to walk a narrow path on monetary policy," Bailey added and noted that there has been a lot of emphasis on UK recession rather than on the strong story on employment.
Market reaction
GBP/USD clings to modest daily gains slightly above 1.2600 following these comments.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Tesla Q1 2026 Earnings Preview: 50,000-Unit Inventory Overhang, Energy Storage Halved, 5 Core Metrics Long-Term Investors Should Really WatchIntroductionTesla (TSLA) is scheduled to release its first-quarter 2026 earnings report after the U.S. market close on April 22. The Non-GAAP EPS consensus from Tesla's official compilation (comprisin
IntroductionTesla (TSLA) is scheduled to release its first-quarter 2026 earnings report after the U.S. market close on April 22. The Non-GAAP EPS consensus from Tesla's official compilation (comprisin
Gold price (XAU/USD) trades on a flat note near $4,825 during the early Asian session on Tuesday. The precious metal steadies amid renewed geopolitical instability in the Middle East.
The conflict in the Middle East escalated further over the weekend. Optimistic signals released by Trump were refuted by the Iranian side. According to Reuters, the U.S. military seized a
Over the weekend, the U.S. and Iran engaged in a new round of maneuvering over the situation in the Middle East, leading to a rapid escalation in geopolitical risks. As a result, internat
Gold price (XAU/USD) slumps to around $4,775 during the early Asian session on Monday. Traders digest renewed tensions between the United States (US) and Iran over the critical Strait of Hormuz.
