Bailey Speech: On the exchange rate, there are dollar-specific factors at play

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The Governor of the Bank of England (BOE), Andrew Baileyis testifying alongside several members of the Monetary Policy Committee (MPC) on inflation and the economic outlook before the European Parliament’s Treasury Committee on Wednesday.

Featured Statements

We are seeing extreme volatility in the energy markets.

I’m glad there are announcements on fiscal policy this week.

Fiscal policy announcements will help frame BoE policy.

Fiscal policy announcements are also important for markets.

The United States is in a different situation than the United Kingdom, it does not have the same balance.

Regarding the exchange rate, there are factors specific to the dollar.

The Fed is much more focused on controlling the impact of demand.

The weakness of the British pound also has its origin in the United Kingdom.

The UK is highly exposed to gas prices.

It is important that fiscal policy is clearly defined.

Source: Fx Street

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