When-rather-than-if characterization of prospective rate cuts seems appropriateThe challenge for the MPC is to get the balance rightWe have to be realistic about how much any one or two economic releases adds to our assessmentServices price inflation and wage growth continue to point to an uncomfortable strength in underlying inflationHard to dispute the case that inflation persistence in the UK continues to prove persistent
The pound is higher on these comments.
This article was written by Adam Button at www.forexlive.com.
