BoE’s Mann: Inflation expectations are very important to the outlook

Market news

24 March 2023

BoE’s Mann: Inflation expectations are very important to the outlook

Bank Of England’s Monetary Policy Committee member Catherine Mann said on Friday that inflation expectations are very important to the outlook.

Regarding inflation, Mann said that wholesale energy prices are expected to slow down the Consumer Price Index. She added that the process regarding Brexit is important for food price inflation in the United Kingdom.

Market reaction

The Pound is rising versus Euro on Friday, but is falling against the US Dollar. GBP/USD trades above 1.2250 after testing earlier levels below 1.2200.

Currencies. Daily history for Friday, March 24, 2023

Commodities. Daily history for Thursday, March 23, 2023

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.