The GBPUSD pair is trading at 1.3220, maintaining its position at the maximum in more than 2 years.
📣 BoE Governor Andrew Bailey said at the Jackson Hole Economic Symposium that the final victory over inflation has not yet been achieved, although its rate has significantly decreased. The consumer price index has corrected from a 41-year high of 11.1% in October 2022 to 2.2% in July. However, an increase in business economic activity in the English service sector, as well as a still high wage growth rate, limit the regulator's ability to ease national monetary policy.
📈 According to analysts, if the Bank of England postpones the rate cut until November, the pound may exceed the 1.3300 level in the next month.
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