|

BoE’s Ramsden: Labour market is continuing to weaken

Bank of England (BoE) Deputy Governor David Ramsden said that wages will remain a key focus this year and that his view is that policy remains restrictive, in a speech at King's College in London on Wednesday.

Key quotes

Key difference for policy this year is we are not looking at a hump in cpi.

Wages will remain a key focus for me.

Latest ons wage data are encouraging.

Labour market is continuing to weaken.

My view is that policy remains restrictive.

My starting point is that neutral rate is in middle of 2-4% range.”

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 Australian Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD-0.06%-0.07%-0.55%-0.06%0.05%-0.15%-0.23%
EUR0.06%-0.01%-0.52%0.00%0.12%-0.09%-0.16%
GBP0.07%0.00%-0.49%0.00%0.13%-0.08%-0.16%
JPY0.55%0.52%0.49%0.51%0.63%0.41%0.34%
CAD0.06%-0.00%-0.01%-0.51%0.12%-0.09%-0.16%
AUD-0.05%-0.12%-0.13%-0.63%-0.12%-0.21%-0.28%
NZD0.15%0.09%0.08%-0.41%0.09%0.21%-0.08%
CHF0.23%0.16%0.16%-0.34%0.16%0.28%0.08%

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

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

More from Agustin Wazne
Share:

Editor's Picks

EUR/USD comes under pressure near 1.1640

EUR/USD now loses momentum and slips back to the 1.1640 zone as Wednesday’s session enters its final part.. The move came amid a late recovery in the Greenback as investors keep digesting the latest Retail Sales and Producer Price data.

GBP/USD trims gains, recedes toward 1.3420

Following its risk-linked peers, GBP/USD now faces some selling pressure and retreats toward the 1.3420 zone as US markets draw to a close on Wednesday. Moving forward, the British Pound is expected to closely follow Thursday’s data releases in the UK, including GDP figures.

Gold hits fresh record highs, targets $4,650

Gold extended its recovery on Wednesday, quickly shrugging off Tuesday’s setback and pushing to fresh all-time highs near $4,650 per troy ounce. The rally in the yellow metal was underpinned by a softer US Dollar, falling US Treasury yields, and growing expectations that the Federal Reserve could deliver additional rate cuts.

Crypto Today: Bitcoin, Ethereum, XRP hold steady as ETF inflows strengthen short-term bullish outlook

Bitcoin stays above $95,000, supported by growing institutional demand, with ETF inflows reaching $753 million on Tuesday. Ethereum is poised to extend its rebound above the 100-day EMA, supported by improving sentiment.

US economic outlook: January 2026

Jerome Powell's eight-year tenure as Chair of the Federal Reserve is coming to a close during a period of intense pressure on the US central bank and divided views among policymakers about the appropriate stance of monetary policy. 

Hyperliquid gains momentum amid staking, Open Interest rebound

Hyperliquid is showing renewed strength, trading above $26.00 at the time of writing on Wednesday, as bulls regain control following a period of consolidation. The rebound is largely supported by improving on-chain metrics and growing derivatives market activity.