Bank of England (BoE) policymaker Jonathan Haskel is testifying on the November Monetary Policy Report (MPR) before the UK’s Parliament's Treasury Select Committee (TSC) on Tuesday.

Haskel said that the “fall in headline CPI is not a good guide to inflation trend.”

Market reaction

The Pound Sterling is little changed on the above comments, with GBP/USD currently trading at 1.2540, adding 0.30% on the day.