Bank of England (BoE) policy maker Swati Dhingra warned against further interest rate increases, in her scheduled appearance on Wednesday.
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.
GBP/USD is defending minor bids around 1.1835 on the above comments. The pair is up 0.07% on the day.
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