BOE's Mann: My views on interest rates are not about defending sterling
|Bank of England (BOE) policymaker Catherine Mann said on Monday that her views on the BOE's rate outlook were not about defending the British pound, as reported by Reuters.
BOE's Mann: 50 bps hike reduces risk of inflation being boosted by weaker sterling.
"There is an important difference of view on the Monetary Policy Committee (MPC) on the resilience of UK consumption," Mann added. "Since the May MPC meeting, I have become more concerned about the embeddedness of UK inflation and price expectations."
Market reaction
GBP/USD continues to fluctuate in its daily range and was last seen posting modest gains at 1.2245.
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.