Market news
16.11.2022, 14:48

BOE's Bailey: Still likely we will increase interest rates further

Bank of England Governor Andrew Bailey comments on the monetary policy as he testifies before the UK Treasury Select Committee on Wednesday.

Key takeaways

"UK labour market remains very tight as the latest data show."

"Still likely we will increase interest rates further."

"Most of the UK-specific risk premium in markets has gone, but not zero."

Market reaction

The Pound Sterling is losing some interest following these comments. As of writing, the GBPUSD pair was trading at 1.1865, where it was up only 0.05% on a daily basis. 

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location