- UK Chancellor Hunt: The bank took action in line with their goal of returning inflation to target
Market news
3 November 2022
UK Chancellor Hunt: The bank took action in line with their goal of returning inflation to target
Responding to the Bank of England (BoE) policy decision, UK Chancellor Jeremy Hunt said, “today, the bank took action in line with their goal of returning inflation to target.”
Additional comments
"The government’s number one priority is to grip inflation."
"There are no easy options and we will need to take difficult decisions on tax and spending."
Market reaction
GBP/USD is licking its wounds around 1.1240, down 1.32% on the day. All eyes remain on Governor Andrew Bailey’s press conference.
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 disclaimerOpen Demo Account & Personal Page