BoE’s A. Bailey: Inflation will drop strongly in the next month

Pablo Piovano FXStreet

Bank of England’s Governor Andrew Bailey speaks in the wake of the pick up in UK inflation figures in March.

Key Quotes

We’re pretty much on track for where we thought we would be in february on inflation.

I expect next month's inflation number will show quite a strong drop

Oil prices haven't leaped as much as expected

The effect of middle East conflict is less than feared

Market Reaction

GBP/USD keeps the tight range in the low 1.2400s, fading the initial bullish move to the 1.2480 zone on the back of the ongoing bounce in the Dollar.

Pound Sterling price today

The table below shows the percentage change of Pound Sterling (GBP) against listed major currencies today. Pound Sterling was the weakest against the Euro.

	USD	EUR	GBP	CAD	AUD	JPY	NZD	CHF
USD		-0.15%	0.02%	-0.04%	0.04%	-0.08%	-0.03%	-0.03%
EUR	0.16%		0.16%	0.15%	0.22%	0.08%	0.13%	0.14%
GBP	-0.04%	-0.19%		-0.04%	0.02%	-0.12%	-0.07%	-0.07%
CAD	0.01%	-0.14%	0.04%		0.06%	-0.08%	-0.03%	-0.02%
AUD	-0.02%	-0.20%	-0.02%	-0.06%		-0.14%	-0.10%	-0.08%
JPY	0.09%	-0.07%	0.11%	0.06%	0.11%		0.04%	0.06%
NZD	0.08%	-0.10%	0.09%	0.05%	0.11%	-0.02%		0.02%
CHF	0.04%	-0.13%	0.06%	0.02%	0.04%	-0.06%	0.00%

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 Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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