BOE Pill. The 2nd round effects of inflation may be stronger.

The BOE’s Pill is speaking and says:

• The 2nd round effects on inflation may be stronger
• They should be focused on attacking those 2nd round effects on inflation
• They do not expect 2nd round effects to be as deep as 2022.
• Disinflation stalled before the Iran conflict.

The GBPUSD istrading to new session lows as the USD buying and the political uncertainty weighs on the GBP. The price is also breaking below the 100 day MA at 1.3481 . Recall from yesterday price bounced off that level.

This article was written by Greg Michalowski at investinglive.com.

SOURCE LINK : BOE Pill. The 2nd round effects of inflation may be stronger.