Bank of England Governor Andrew Bailey delivers remarks following a spike in UK inflation figures in March.
Featured Statements
We're pretty much on the path we thought we'd be on in February as far as inflation goes.
I expect next month's inflation figure to show a pretty sharp drop.
Oil prices have not risen as much as expected
The effect of the Middle East conflict is less than feared
Market reaction
GBP/USD remains range-bound around the 1.2450 area, moderating the initial bullish move towards the 1.2480 area due to the ongoing rebound in the Dollar.
Current quote of the Pound sterling
The following table shows the percentage change of the British Pound (GBP) against the currencies listed today. The British Pound was the weakest currency against the Euro.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.15% | 0.02% | -0.04% | 0.04% | -0.08% | -0.03% | -0.03% | |
| EUR | 0.16% | 0.16% | 0.15% | 0.22% | 0.08% | 0.13% | 0.14% | |
| GBP | -0.04% | -0.19% | -0.04% | 0.02% | -0.12% | -0.07% | -0.07% | |
| CAD | 0.01% | -0.14% | 0.04% | 0.06% | -0.08% | -0.03% | -0.02% | |
| AUD | -0.02% | -0.20% | -0.02% | -0.06% | -0.14% | -0.10% | -0.08% | |
| JPY | 0.09% | -0.07% | 0.11% | 0.06% | 0.11% | 0.04% | 0.06% | |
| NZD | 0.08% | -0.10% | 0.09% | 0.05% | 0.11% | -0.02% | 0.02% | |
| CHF | 0.04% | -0.13% | 0.06% | 0.02% | 0.04% | -0.06% | 0.00% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the Euro in the left column and scroll down the horizontal line to the Japanese Yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
