BoE’s Ramsden: Still signs of stubbornly high inflation – The Times

Market news

21 April 2023

BoE’s Ramsden: Still signs of stubbornly high inflation – The Times

Bank of England (BoE) Deputy Governor Dave Ramsden said in an interview with The Times that the central bank must stop the risk of high inflation becoming embedded in the economy. He added there were still signs of stubbornly high inflation.

Ramsden mentioned there was a greater risk of the BoE doing too little rather than too much.

Market reaction

Ramsden comments had no impact so far on the Pound. GBP/USD is trading at a daily high late on Friday near the 1.2440 area, on its way to a modest daily gain. EUR/GBP stays flat around 0.8830.

Currencies. Daily history for Friday, April 21, 2023

Commodities. Daily history for Thursday, April 20, 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.