13 Oct 2015
Downside pressures in prices seen as transitory – BoE’s McCafferty
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.
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.