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- When-rather-than-if characterization of prospective rate cuts seems appropriate
- The challenge for the MPC is to get the balance right
- We have to be realistic about how much any one or two economic releases adds to our assessment
- Services price inflation and wage growth continue to point to an uncomfortable strength in underlying inflation
- Hard to dispute the case that inflation persistence in the UK continues to prove persistent
The pound is higher on these comments.
![GBPUSD 10 mins](https://images.forexlive.com/images/GBPUSD%2010%20mins_id_63dd2e00-5fbc-4a0b-ae6f-1e86fa7d0f50_original.jpg)
GBP/USD 10 mins