Bailey speech: UK experience on yield curve is not out of line with other markets
Testifying on the Financial Stability Report (FSR) before the Treasury Select Committee, in London, on Tuesday, Bank of England (BoE) Governor Andrew Bailey said that “the UK experience on yield curve is not out of line with other markets.”
Additional quotes
We have seen steeper yield curves, that is a global phenomenon.
Cause of steeper yield curve reflects greater uncertainty on trade policy.
Steeper yield curve also reflects uncertainty on fiscal policy.
Market reaction
At the time of writing, GBP/USD is holding steady around 1.3490, unperturbed by these above comments.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.01% | 0.01% | 0.16% | -0.01% | 0.20% | 0.32% | -0.02% | |
| EUR | 0.00% | 0.04% | 0.17% | 0.01% | 0.20% | 0.42% | 0.00% | |
| GBP | -0.01% | -0.04% | 0.12% | -0.02% | 0.17% | 0.32% | -0.04% | |
| JPY | -0.16% | -0.17% | -0.12% | -0.15% | 0.03% | 0.25% | -0.24% | |
| CAD | 0.00% | -0.01% | 0.02% | 0.15% | 0.18% | 0.36% | -0.01% | |
| AUD | -0.20% | -0.20% | -0.17% | -0.03% | -0.18% | 0.17% | -0.25% | |
| NZD | -0.32% | -0.42% | -0.32% | -0.25% | -0.36% | -0.17% | -0.41% | |
| CHF | 0.02% | -0.01% | 0.04% | 0.24% | 0.01% | 0.25% | 0.41% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
