• at some point it will feed through into higher inflation

  • no evidence that Britain was falling into a period of deflation when expectations of falling prices become entrenched
  • BOE must think about normalizing interest rates, will depend on wage data

BOE MPC member Forbes once again expressing her bullish view, this time to the Yorkshire Post

Full article here

GBPUSD 1.5431 being dragged down by USD+ tones. EURGBP 0.7260 still