Today’s Notable Sentiment Shifts
GBP – Sterling rose on Monday after the Bank of England said inflation levels in Britain were concerning and urged Britons, in interviews published over the weekend, to get ready for earlier interest rate increases.
BoE Governor Bailey stressed the need to prevent inflation from becoming permanently embedded above the 2% target, while Saunders said households must brace for “significantly earlier” interest rate rises.
Antipodeans – AUD and NZD found support from rising commodity prices on Monday, while AUD also benefitted from the easing of coronavirus restrictions in the country’s most populated state – New South Wales.
BoE Governor Bailey stressed the need to prevent inflation from becoming permanently embedded above the 2% target, while Saunders said households must brace for “significantly earlier” interest rate rises.
Antipodeans – AUD and NZD found support from rising commodity prices on Monday, while AUD also benefitted from the easing of coronavirus restrictions in the country’s most populated state – New South Wales.
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