BoE’s Dhingra: Food price inflation may rise again

Bank of England (BoE) policymaker Swati Dhingra said on Tuesday, “food price inflation may rise again.”

“Geopolitical pressures may add to food costs,” Dhingra added.

Market reaction

GBP/USD is consolidating the latest uptick to near 1.2310, currently trading 0.13% higher on the day at 1.2291.

Nov 14, 2023

GPB/USD to see renewed test of 1.2450 on gains through 1.2310 – Scotiabank

GBP/USD trades slightly higher. Economists at Scotiabank analyze the pair’s outlook.

SNB’s Jordan: Another interest rate move is possible if current monetary policy is not restrictive enough

In an interview with local television station TeleZueri, Swiss National Bank (SNB) Chairman Thomas Jordan said that he doesn’t rule out more interest rate hikes ahead.