Bank of England (BoE) Monetary Policy Committee (MPC) member Alan Taylor said in a fireside chat at Deutsche Bank in London during European trading hours on Monday that the United Kingdom (UK) services inflation has cooled down at a moderate pace than what he hoped.
Remarks
Market reaction
There seems to be a slight negative impact of BoE Taylor’s comments on the Pound Sterling (GBP). As of writing, GBP/USD trades 0.17% higher to near 1.3500 even after giving back significant early gains.
Source: https://www.fxstreet.com/news/boes-taylor-proceeding-towards-inflation-normalisation-at-a-reasonable-pace-202602231120
