February’s growth figure is the last clean measure of how the UK economy was doing before the Iran conflict added a new layer of pressure on energy bills and the cost of living. The Bank of England meets on 30 April and a rate cut is firmly off the table – but the question, slowly and seriously, is becoming whether rising costs are bad enough to push policymakers in the opposite direction. UK inflation for March arrives on Wednesday 22 April and will be the clearest signal yet.
GBP/USD past year
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