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GBP weakness positive for inflation – BoE’s Weale

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    At his testimony before the Treasury Committee, BoE’s MPC member Martin Weale has argued that the recent (and sharp) drop in the sterling could have positive effects on inflation.

    GBP/USD is trading on a negative note today, breaking below the 1.4100 support at the time of writing.
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