PREVIOUS TRADING DAY EVENTS 10 July 2023

Yesterday, the BOE Governor spoke at the Financial and Professional Services Dinner in London, stating that the British central bank had to see the job through on bringing down the highest inflation rate among the richest countries. He noted that price growth had proved to be stickier than the BoE had expected.

It is crucial that we see the job through, meet our mandate to return inflation to its 2 target and provide the environment of price stability in which the UK economy can thrive, Bailey said.

Bailey said there had been unexpected resilience in the labour market and a recession had been avoided so far.

This is a good thing in many ways. No one wishes to see unemployment higher or growth weaker, Bailey said.

Both price and wage increases at current rates are not consistent with the inflation target, Bailey said. Currently at 8.7 in the latest data, consumer price inflation is unacceptably high, and we must bring it down to the 2 target.

Source httpswww.reuters.comworldukbankenglandsbaileyvowsseejobthroughinflation20230710

News Reports Monitor Previous Trading Day 10 July 2023

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No major news announcements, nor any significant scheduled releases.

Morning Day Session European

No major news announcements, nor any significant scheduled releases.

General Verdict

Despite the absence of major scheduled releases, the USD was affected…