GBP/USD Analysis
Bank of England Unconvinced about Recent Inflation Progress
The Bank of England’s statement on Thursday dismissed recent progress in the fight against inflation in a broad warning against complacency. The Monetary Policy Committee (MPC) could not conclusively express that both wage growth and services inflation were definitely on the path to lower levels.
October’s inflation data which was released last month revealed a massive step in the right direction as both core and headline measures of inflation made notable declines. However, the BoE has focused intently on services inflation, a pocket…
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