The BoE could become “more activist” on interest rate cuts if inflation eases

“The Bank of England (BoE) may become a bit more activist on interest rate cuts if there is still good news on inflation,” Governor Andrew Bailey said in an interview with The Guardian newspaper published on Thursday.

Additional quotes

He follows developments in the Middle East extremely closely.

Watching how geopolitics could interact with some markets still quite stretched in places.

Market reaction

Sterling came under intense selling pressure following these comments, currently trading 0.71% lower at 1.3175.