Bank of England policymaker Catherine Mann warned this weekend that the central bank’s battle with inflation continues, underpinning Sterling’s recent uplift.
Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....Bank of England MPC policy member Catherine Mann, one of four rate-setters who voted to leave interest rates unchanged at the last central bank meeting, warned this weekend thatMs Mann said recent surveys suggest that, ‘There is an upwards ratchet to both the wage setting process and the price process and . . .
Ms Mann’s warning comes ahead of a busy economic release schedule with the latest UK employment, wages, inflation, and GDP data all set to be released over the coming days.strength. The pair has pushed higher since, helped by a supportive 200-day simple moving average, and currently trades around 1.2770. Cable is trying to break out of a sharp one-month downtrend after printing a 13-month high of 1.3045 on July 17, and this week’s economic data will decide the pair’s future.
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