Cautious BoE's Wait-And-See Approach Keeps GBP Range Bound
FX Analyst • Yesterday, 11:25 AM
- Steady recovery seen in the UK economy with GDP up and unemployment down.
- However stagnant wages seem to signal possible slack in the economy.
- BoE is of the majority opinion to adopt a wait and see approach and not make any changes.
- Market is taking a similar approach to the uncertainty of UK recovery and puts GBP into range bound.