BoE’s Greene: Second-round effects of energy price shock won't show up for another year
Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene said on Monday, “the second-round effects of energy price shock won't show up for another year.”
Additional quotes
Some of global economy resilience to the Iran war is due to inventories.
We should not be looking through negative supply shocks.
Market reaction
The British Pound (GBP) is holding its recovery following these somewhat hawkish comments, with GBP/USD adding 0.23% on the day to trade at 1.3353 at the press time.
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 Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.09% | -0.22% | 0.08% | -0.03% | -0.02% | -0.18% | -0.24% | |
| EUR | 0.09% | -0.14% | 0.15% | 0.05% | 0.06% | -0.11% | -0.16% | |
| GBP | 0.22% | 0.14% | 0.30% | 0.16% | 0.20% | 0.02% | -0.01% | |
| JPY | -0.08% | -0.15% | -0.30% | -0.15% | -0.11% | -0.32% | -0.34% | |
| CAD | 0.03% | -0.05% | -0.16% | 0.15% | 0.02% | -0.17% | -0.18% | |
| AUD | 0.02% | -0.06% | -0.20% | 0.11% | -0.02% | -0.17% | -0.18% | |
| NZD | 0.18% | 0.11% | -0.02% | 0.32% | 0.17% | 0.17% | -0.02% | |
| CHF | 0.24% | 0.16% | 0.00% | 0.34% | 0.18% | 0.18% | 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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