Downside pressures in prices seen as transitory – BoE’s McCafferty

Pablo Piovano FXStreet

FXStreet (Edinburgh) - BoE’s MPC member Ian McCafferty has regarded the current disinflationary pressures in the UK economy as transitory.

He also argued that current risks stemming from the EM space represent no critical threat to the UK economy.

GBP/USD is now looking to consolidate around the 1.5240 area, or session lows, after climbing as high as the 1.5380/90 band in early trade.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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