Jonathan Cook
on December 19th, 2023 Sterling fell back slightly against its major rivals yesterday as markets braced for Wednesday’s inflation numbers.
The BoE’s Ben Broadbent said that policymakers needed to see more evidence that wage growth was falling before interest rates could be cut. Wednesday’s inflation figures will be an important touchstone, but his remarks were a reminder that central bankers often look to more complex equations than headline numbers.
GBP/EUR: the past year
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