Bank of England’s Monetary Policy Committee (MPC) member Megan Greene said in the Financial Times (FT) interview on Thursday that “UK services inflation remains much higher than in the US.”
Markets now expect the Bank of England will cut rates earlier and by more than the Federal Reserve this year.
Higher inflation expectations have translated to higher pay growth, by metrics.
GBP/USD is holding near session highs of 1.2550 following the above comments, higher by 0.14% on the day.
