{"id":32703,"date":"2022-11-29T08:08:33","date_gmt":"2022-11-29T08:08:33","guid":{"rendered":"https:\/\/errante.com\/?p=32703"},"modified":"2022-11-29T08:08:33","modified_gmt":"2022-11-29T08:08:33","slug":"boe-governor-bailey-testimony","status":"publish","type":"post","link":"https:\/\/errante.com\/es\/newsroom\/boe-governor-bailey-testimony\/","title":{"rendered":"BOE Governor Bailey\u00a0Testimony<\/strong>"},"content":{"rendered":"\n

BOE Governor Bailey\u00a0Testimony<\/h2>\n\n\n\n

GBP\/USD cheers the broad-based US Dollar selling amid firmer sentiment while refreshing the daily top to 1.2000 during early Tuesday morning in Europe. In doing so, the\u00a0Cable<\/strong>\u00a0pair also portrays the trader\u2019s optimism ahead of\u00a0Bank of England<\/strong>\u00a0(BOE) Governor Andrew Bailey\u2019s testimony before the Lords Economic Affairs Committee.<\/p>\n\n\n\n

In general, fears of a lengthy UK recession are weighing on sentiment.<\/p>\n\n\n\n

Last week’s flash purchasing manager index (PMI) data showed British\u00a0economic activity<\/a>\u00a0staying near 21-month lows, though the figures were slightly better than economists had expected.<\/p>\n\n\n\n

Market players pondering the Bank of England’s (BoE) next move will be listening carefully to several BoE members due to speak this week, including BoE governor Andrew Bailey on Tuesday and chief economist Huw Pill on Wednesday.<\/p>\n\n\n\n

Tuesday 29th November High Impact Events<\/strong><\/h3>\n\n\n\n

The times below are GMT+2<\/p>\n\n\n\n