BoE's deputy governor Broadbent: The main effect on UK inflation is probably from sterling strength

Market news

24 February 2021

BoE's deputy governor Broadbent: The main effect on UK inflation is probably from sterling strength

Risks for UK unemployment are in both directions
There is clear risk that unemployment will rise significantly once support for low schemes come to end
No indication from bond markets that investors see MPC's actions as anything other than necessary to meet inflation objective
Brexit deal doesn't have big direct inflation impact
We have seen sterling appreciate because of EU trade deal that would have some depressive effect on UK inflation
Hard to know if trade frictions are having opposite effect on inflation

U.S. new home sales jump 4.3 percent in January

BoE's MPC member Haskel: Faster vaccine rollout that government plans is upside risk for economy

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.