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BOE’s Cunliffe: Inflation we are seeing is primarily coming from abroad
Bank of England (BOE) Deputy Governor Jon Cunliffe is back on the wires now, via Reuters, expressing his view on surging inflation.
Key quotes
At the moment inflation we are seeing is primarily coming from abroad.
Those price rises will not continue forever.
We have to ensure that when we come out of this it's with inflation back at 2% target.
Market reaction
With risk tone still tepid and UK pollical uncertainty rife, GBP/USD is recovering some ground to trade at 1.1950, as of writing,
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