Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann said during European trading hours on Thursday that rising United Kingdom (UK) jobless rate is becoming a major concern. Mann praised January’s inflation data, which showed that both headline and the core Consumer Price Index (CPI) grew moderately.
Remarks
Market reaction
The Pound Sterling (GBP) has negatively reacted to BoE Mann’s comments. GBP/USD posts a fresh almost four-weeks low at 1.3470.
Source: https://www.fxstreet.com/news/boes-mann-expresses-concerns-over-rising-unemployment-rate-202602191131
