Sterling finds support as BoE policymaker Catherine Greene maintains a hawkish stance, citing persistent wage growth concerns and the need for continued monetary tightening.
The GBP/USD pair is finding support as BoE external member Catherine Greene maintains a hawkish stance, having voted for interest rate hikes in the last three consecutive meetings. Her commentary suggests that the central bank cannot rely on market expectations to tighten financial conditions, signaling a potential for continued restrictive policy to combat persistent wage growth, which she projects at 3.5% for the coming year.
Greene has consistently voted for interest rate hikes at the last three meetings and believes the BoE must take active steps rather than relying on market forces.
Catherine Greene indicated that UK pay awards are currently projected to be around 3.5% for the next year.
Bank of England external member Catherine Greene signaled a hawkish outlook, warning that markets should not assume the central bank's work is finished. With pay awards projected at 3.5% for next year, Greene continues to advocate for higher rates, having voted for hikes at the last three consecutive meetings.
The Pound is supported by hawkish commentary from BoE member Catherine Greene, who continues to advocate for interest rate hikes to combat persistent wage growth.