GBP/USD bears stay on top in US session, taking out 1.2200 – by fx_ross GBPUSD Currencies BOE CentralBanks
was down 0.27% at 1.2194 after rising to its highest since mid-December to 1.2288 from a low of 1.2170 while traders await UK jobs and inflation data due later this week for clues on Bank of England monetary policy plans. Governor Andrew Bailey said on Monday that inflation looks set to fall markedly this year as energy prices decrease.
"I think that going forwards the major risk to inflation coming down ... is the supply side - and in this country particularly, the question of the shrinkage of the labour force," Bailey told lawmakers on parliament's Treasury Committee.Meanwhile, Employment data will be released on Tuesday and inflation numbers on Wednesday.
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