Created
: 2025.05.30
2025.05.30 06:29
Bank of England (BoE) Governor Andrew Bailey noted late on Thursday that the primary drivers behind the BoE's main reference rate remains the economic needs of the United Kingdom (UK), not external drivers such as the Trump administration's tariff policies.
Raising the UK's potential growth rate critical.
We take a gradual and careful approach as the economy is hard to read.
Spend a lot of time examining risks from market fragilities, including bonds.
Not useful to ask if dollar will remain reserve currency, may see some rebalancing but not anywhere near dollar losing its status.
Rate cuts uncertainty prevalent.
UK labour market data pretty much in line with our expectations.
Evidence on United Kingdom is in line with our expectations.
United Kingdom issues are key drivers of policy.
UK needs, not tariffs and trade, will be key driver for UK rates.
Strengthening in food inflation but not alone in that.
Slowing wage increase trend still remains.
Less volatile segments of United Kingdom inflation are gradually decreasing, very slowly.
Created
: 2025.05.30
Last updated
: 2025.05.30
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy