BoE’s Greene: Second-round effects of energy price shock won't show up for another year

Dhwani Mehta FXStreet

Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene said on Monday, “the second-round effects of energy price shock won't show up for another year.”

Additional quotes

Some of global economy resilience to the Iran war is due to inventories.

We should not be looking through negative supply shocks.

Market reaction

The British Pound (GBP) is holding its recovery following these somewhat hawkish comments, with GBP/USD adding 0.23% on the day to trade at 1.3353 at the press time.

Pound Sterling 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 Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.09%	-0.22%	0.08%	-0.03%	-0.02%	-0.18%	-0.24%
EUR	0.09%		-0.14%	0.15%	0.05%	0.06%	-0.11%	-0.16%
GBP	0.22%	0.14%		0.30%	0.16%	0.20%	0.02%	-0.01%
JPY	-0.08%	-0.15%	-0.30%		-0.15%	-0.11%	-0.32%	-0.34%
CAD	0.03%	-0.05%	-0.16%	0.15%		0.02%	-0.17%	-0.18%
AUD	0.02%	-0.06%	-0.20%	0.11%	-0.02%		-0.17%	-0.18%
NZD	0.18%	0.11%	-0.02%	0.32%	0.17%	0.17%		-0.02%
CHF	0.24%	0.16%	0.00%	0.34%	0.18%	0.18%	0.02%

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.

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