“The Bank of England (BoE) could become a bit more activist on rate cuts if there’s further good news on inflation,” Governor Andrew Bailey said in an interview with the Guardian newspaper published on Thursday.
Additional quotes
Watching Middle East developments extremely closely.
Watching how geopolitics might interact with some still quite stretched markets in places.
Market reaction
The Pound Sterling has come under intense selling pressure following these comments, currently trading 0.71% lower at 1.3175.
Source: https://www.fxstreet.com/news/bailey-speech-boe-could-become-more-activist-on-rate-cuts-if-inflation-eases-202410030538