Bank of England (BoE) policymaker Alan Taylor told the Financial Times (FT) on Friday, “I thought we needed to be on a lower [monetary] policy path.”
Additional quotes
I’m seeing more risk piling up on the downside scenario because of global developments.
A trade war is going to be negative for growth.
Higher inflation isn’t coming from demand & supply pressures; for most part, coming out of one-time tax & administered price changes.
Market reaction
At the time of writing, GBP/USD Is trading 0.14% lower on the day near 1.3475.
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