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BOE’s Lombardelli: We remain focused more on services prices and wages

  • We should not focus too much on one set of data (regarding last week’s PMI data)
  • We remain focused more on services prices and wages
  • Labour market is still relatively tight

This reaffirms the narrative on “gradualism” and if anything, she is shrugging off suggestions that could point towards a rate cut next month.

This article was written by Justin Low at www.forexlive.com.

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