BoE's Broadbent: Bias towards easing at BoE is less pronounced now

Eren Sengezer FXStreet

Bank of England (BoE) Deputy Governor Ben Broadbent said on Friday that the bias towards policy easing at the BoE is less pronounced now, as reported by Reuters.

"We need clear evidence of a sustainable return of inflation to target before we start to remove policy accommodation," Broadbent added. "Downside risks are less pronounced now."

Market reaction

These comments don't seem to be helping the British pound gather strength against its rivals. As of writing, the GBP/USD pair, which touched a daily high of 1.3929, was up 0.05% on the day at 1.3892.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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