Governor Andrew Bailey, Bank of England (BoE) stated on Friday that more there is a probability of further interest rates hike in the subsequent months.
He said that the efforts to control i9nflation is a long-term process predicted to be between 18 months and two years.
GBP/USD is keeping its range at around 1.1730 despite Bailey’s hawkish remarks, adding 0.15% on the day.
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