BoE's Tenreyro: Recent moderation in GDP growth set to continue over winter months
|Bank of England (BOE) policymaker Silvana Tenreyro noted on Monday that the recent moderation in the gross domestic product growth looks set to continue over the winter months, as reported by Reuters.
Additional takeaways
"Uncertainty over furlough scheme effects should be resolved over the coming months, which should help paint a clearer picture of labour market."
"We will also continue to learn more about the persistence of disruptions to global and domestic supply chains and their impact on the UK inflation outlook."
"There is a possibility that higher inflation or higher inflation expectations begin to feed through into higher wage demands."
"There is also a risk that the end of the furlough scheme leads to a loosening in the labour market and moderation in wage pressures."
Market reaction
The GBP/USD pair continues to move sideways around mid-1.3700s following these comments.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.