BOE dep gov Broadbent currently speaking to the BBC 4 Aug
- this is about the maximum rate of pain from inflation
- UK inflation nearing its peak
- lack of growth in investment by companies has something to do with Brexit process
- UK a little bit better placed to cope with higher interest rates
- there may be some possibility for interest rates to go up a little
- wage growth to pick up in coming years
Nothing we didn't already know so far.
Yesterday I gave my own thoughts to the Beeb. I'll post a link up in due course but nothing you didn't already know from me either!
GBP had a little dip but still in pause mode overall after yesterday's fall.
Likewise EURGBP at 0.9040
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