Bank of England (BoE) Governor Andrew Bailey is testifying on the May Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
Key quotes
Key factors for May rate decision were domestic, not tariffs.
We have not seen particular inflation surprises.
Labor market has loosened somewhat.
Pay growth is above levels consistent with 2% inflation target but lower than expected in Feb.
Gradual and careful remain my guide for rates.
I will not make any prediction about June rate decision.
Path for rates remains downwards.
How far and how quickly rates will fall is shrouded in a lot more uncertainty.
Uncertainty reflects international situation.
developing story ....
Market reaction
At the time of writing, GBP/USD is trading at around 1.3520, down 0.18% on a daily basis.
British Pound PRICE This week
The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.57% | -0.41% | -0.69% | -0.10% | -0.36% | -0.70% | -0.56% | |
| EUR | 0.57% | 0.16% | -0.10% | 0.50% | 0.21% | -0.17% | 0.00% | |
| GBP | 0.41% | -0.16% | -0.25% | 0.31% | 0.05% | -0.33% | -0.15% | |
| JPY | 0.69% | 0.10% | 0.25% | 0.58% | 0.31% | -0.05% | 0.03% | |
| CAD | 0.10% | -0.50% | -0.31% | -0.58% | -0.26% | -0.63% | -0.46% | |
| AUD | 0.36% | -0.21% | -0.05% | -0.31% | 0.26% | -0.31% | -0.12% | |
| NZD | 0.70% | 0.17% | 0.33% | 0.05% | 0.63% | 0.31% | 0.18% | |
| CHF | 0.56% | -0.01% | 0.15% | -0.03% | 0.46% | 0.12% | -0.18% |
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).
作者：Dhwani Mehta，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
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