Catherine Mann, a policymaker at the Bank of England (BoE), stated on Wednesday that the UK labor market has shown to be more resilient than anticipated.
Other quotations
Concerned about rising household inflation expectations.
Businesses are losing their pricing power, but the inflation of goods prices is rising.
Trade diversion will result in reduced prices for goods in the global economy.
Businesses will search for opportunities to restore margins.
Reaction of the market
As of writing, the GBP/USD pair is down 0.09% for the day and is still trading lower at 1.3300.
Other quotations
Concerned about rising household inflation expectations.
Businesses are losing their pricing power, but the inflation of goods prices is rising.
Trade diversion will result in reduced prices for goods in the global economy.
Businesses will search for opportunities to restore margins.
Reaction of the market
As of writing, the GBP/USD pair is down 0.09% for the day and is still trading lower at 1.3300.
