Home Forex Less concern that rates may need to be tightened further

Less concern that rates may need to be tightened further

by SuperiorInvest


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Bank of England Deputy Governor (BoE) Sarah Breeden said on Wednesday that she was less concerned that further tightening of bank rates might be necessary, as reported by Reuters.

“My focus has shifted to thinking about how long rates have to stay at current levels,” Breeden added, noting that she needed to see more evidence to be sure the UK economy was progressing as indicated in the BoE’s forecasts.

Market reaction

GBP/USD showed no immediate reaction to these comments and was last seen up 0.17% on the day at 1.2620.

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