Bank of England (BOE) Governor Andrew Bailey said on Friday, “we never promised a November rate hike,” a day after the central refrained from raising the bank rate by 15bps, as widely expected.

Additional quotes

“Market moves on Thursday was a "reassessment of conditions".

“It is clear that interest rates will have to rise at some point.”

“There is no fixed definition of 'transitory' inflation.”

Market reaction

These comments had little to no impact on the pound, as GBP/USD keeps its range near-daily lows of 1.3462, down 0.25% on the day.