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
As of the Asian session on August 26, WTI crude oil (USOIL) prices extended yesterday's decline, dropping to an intraday low of $80.26 and approaching the $80 threshold at one point, down
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, Bloomberg reported on Tuesday.
The U.S. will release the U.S. July Personal Consumption Expenditures (PCE) Price Index on Wednesday, August 26, Eastern Time. As a key inflation indicator closely watched by the Federal
Ethereum (ETH) treasury company BitMine Immersion Technologies (BMNR) expanded its digital asset holdings last week with another round of acquisitions.
On August 24, Bitcoin (BTC) prices continued to fluctuate lower, edging up just 0.1% on the day to trade at $77,176. Last Friday (August 21), Bitcoin prices surged toward the $80,000 mark
