BOE's Bailey speaking

Back of England's Bailey

Bank of England's Bailey is speaking and comments on policy guidance saying:

  • I do not think we will go back to a hard to form of guidance
  • Not off the table that we give no guidance at all on rates, but says bank decisions are made meeting by meeting

More from Bailey:

  • Ee have a very tight labor market

The market was looking for a tightening at the last BOE meeting on the back of comments from BOE officials (including Bailey). The BOE did not tighten and the GBPUSD fell sharply.

The pair today reached a new low going back to December 2020.

GBPUSD on the hourly chart