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Bank of England Governor Bailey: Weak demand has limited the transmission of higher costs to prices.

2026-07-30

Bank of England Governor Bailey: Weak demand has limited the transmission of higher costs to prices.

Other News
2026-07-30

Federal Reserve Chairman Warsh: I don’t believe our missions conflict with each other.

Federal Reserve Chairman Warsh: I don’t believe our missions conflict with each other.
2026-07-30

DBS senior FX strategist Philip Wee said the dollar could be pressured by divergence in forward guidance after the Fed removed forward guidance and held rates steady. Wee said Fed chair Kevin Warsh’s move has left policy in a “monetary mirror maze,”

DBS senior FX strategist Philip Wee said the dollar could be pressured by divergence in forward guidance after the Fed removed forward guidance and held rates steady. Wee said Fed chair Kevin Warsh’s move has left policy in a “monetary mirror maze,” increasing volatility and leaving markets groping in the dark. By contrast, the ECB’s unified signaling of a September rate hike gives the euro a clear relative advantage. If the Bank of England consensus breaks and unexpectedly hikes later today, the pound would likely strengthen.
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