BoE’s Mann: Normalization on wages is under way
Bank of England (BoE) member of the Monetary Policy Committee (MPC), Catherine Mann, spoke on inflation and wages on Monday. She claimed that the underlying inflation dynamic shows upside risk.
Key Quotes
Normalization on wages is under way.
Firms are continuing to factor in inflation into pricing.
Underlying inflation dynamic shows upside risk.
Firms are more attentive to upside inflation risks.
The current environment is showing upward CPI bias.
We are in a more shock-ridden environment.
Shocks give upward bias to inflation.
Central banks will have to lean against upward bias.”
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.28% | -0.00% | 0.26% | 0.04% | 0.37% | 0.20% | 0.17% | |
| EUR | -0.28% | -0.29% | 0.00% | -0.24% | 0.09% | -0.08% | -0.11% | |
| GBP | 0.00% | 0.29% | 0.29% | 0.04% | 0.38% | 0.20% | 0.17% | |
| JPY | -0.26% | 0.00% | -0.29% | -0.24% | 0.10% | -0.08% | -0.10% | |
| CAD | -0.04% | 0.24% | -0.04% | 0.24% | 0.33% | 0.15% | 0.13% | |
| AUD | -0.37% | -0.09% | -0.38% | -0.10% | -0.33% | -0.18% | -0.20% | |
| NZD | -0.20% | 0.08% | -0.20% | 0.08% | -0.15% | 0.18% | -0.02% | |
| CHF | -0.17% | 0.11% | -0.17% | 0.10% | -0.13% | 0.20% | 0.02% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
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