Megan Greene, the English policy maker of England, said on Friday that they are not sure whether the UK economy weakness is caused by demand or supply, Reuters.
Key players
“More worry about the offer, a really weak productivity growth.”
“There is a concern about the impact of government budget changes.”
“We have no idea what US tariffs look like when dust is settled.”
“The risk is now disinflation due to tariffs.”
“We see that the output gap is open, which should help to return the inflation to the target.”
“We should see the redirection of trade from China.”
“A little concern that inflation expectations show more concerns about inflation to people.”
“The British labor market is quite slowly weakened, but we should see that wage growth is falling.”
Market reaction
GBP/USD ignores these comments largely and was last seen that the day 1,3310 lost 0.2%.
