Bank Of England’s Monetary Policy Committee member Catherine Mann said on Friday that inflation expectations are very important to the outlook.
Regarding inflation, Mann said that wholesale energy prices are expected to slow down the Consumer Price Index. She added that the process regarding Brexit is important for food price inflation in the United Kingdom.
Market reaction
The Pound is rising versus Euro on Friday, but is falling against the US Dollar. GBP/USD trades above 1.2250 after testing earlier levels below 1.2200.
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