BoE's Dhingra: Overtightening poses a more material risk at this point
|Bank of England (BoE) policy maker Swati Dhingra warned against further interest rate increases, in her scheduled appearance on Wednesday.
Additional quotes
Overtightening poses a more material risk at this point.
Prudent strategy would be to hold policy steady.
Many tightening effects are yet to fully take hold.
Market reaction
GBP/USD is defending minor bids around 1.1835 on the above comments. The pair is up 0.07% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.