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GBP/USD
GBP/USD
1.3541
+0.00% (+0.0001)
Market read
Bailey is linking bond-market rate expectations directly to fears of another energy price shock. That suggests policymakers see energy costs, not just wages or demand, as a key driver of the current inflation outlook. Next up: MBA 30-Year Mortgage Rate.
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BoE Governor Bailey said the market's BoE rate curve reflects investor concern about further energy price rises.
Bailey is linking bond-market rate expectations directly to fears of another energy price shock. That suggests policymakers see energy costs, not just wages or demand, as a key driver of the current inflation outlook.
FinancialJuice·09/08, 09:23 PM
BoE Governor Bailey said the labour market is softening and the hiring rate is lower.
FinancialJuice·09/08, 08:43 PM
Bank of England Governor Bailey said risks to inflation are skewed to the upside.
FinancialJuice·09/08, 07:36 PM
A poll found all 65 surveyed economists expect the Bank of England to hold its bank rate at 3.75% in September.
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