BoE’s Pill: There's a risk that we draw too much comfort
Bank of England (BoE) Governor Huw Pill said that there’s a risk that they will draw too much comfort from the dip in inflation that will come in April. He added that they should not overinterpret changes to growth outlook, speaking to businesses on Friday.
Key takeaways:
There's a risk that we draw too much comfort from the dip in inflation that will come in April.
Labor market does appear to have eased significantly, perhaps more than activity data would have predicted.
Should not overinterpret changes to growth outlook in February BOE forecasts.
Latest pay intentions data is good evidence that the disinflation process is intact but not complete.
Latest DMP data on pay and pricing plans are not at entirely comfortable levels.”
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 | -0.17% | -0.40% | 0.02% | -0.25% | -0.66% | -0.54% | -0.05% | |
| EUR | 0.17% | -0.23% | 0.20% | -0.08% | -0.48% | -0.37% | 0.10% | |
| GBP | 0.40% | 0.23% | 0.43% | 0.15% | -0.25% | -0.14% | 0.33% | |
| JPY | -0.02% | -0.20% | -0.43% | -0.26% | -0.67% | -0.56% | -0.09% | |
| CAD | 0.25% | 0.08% | -0.15% | 0.26% | -0.41% | -0.30% | 0.18% | |
| AUD | 0.66% | 0.48% | 0.25% | 0.67% | 0.41% | 0.11% | 0.59% | |
| NZD | 0.54% | 0.37% | 0.14% | 0.56% | 0.30% | -0.11% | 0.47% | |
| CHF | 0.05% | -0.10% | -0.33% | 0.09% | -0.18% | -0.59% | -0.47% |
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
Agustin Wazne
FXStreet
Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.
