Bank of England (BoE) policymaker Megan Greene said on Tuesday that “pricing partly reflects global factors.”
Further comments
- Not all market pricing focused on UK.
- I am more concerned about supply side.
- Exchange rates haven’t gone as theory suggests.
- A falling dollar would be disinflationary for UK.
- Too early to say where the dust will settle on the US Dollar strength.
- There is no sign of shakeout in labour market yet.
- UK wage growth remains pretty high.
- Services points to inflation persistence.
- I am more worried about services inflation than wages.
- Tariffs are more of a disinflationary risk.
- Rise in inflation expectations worrisome.
Market reaction
Following a volatile Asian trading session on Tuesday, GBP/USD is keeping its range below 1.3400 so far, adding 0.07% on the day.