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Mpc Starting To Get Bullish (david Walton Comments)

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All dollar bullish, optimism derived from the data quickly fell to the wayside as comments by the newest Monetary Policy Committee member David Walton stated to the Times that inflationary pressures could indeed remain in the region as growth potentially recovers. With consumers adjusting to inflationary pressure, mostly attributed to higher energy prices, spending could indeed tick up as housing valuations have steadied from previous declines.

Short sterling interest rate futures extended losses after the remarks were published on Reuters, with traders describing as hawkish the remarks on above-target inflation, economic growth regaining momentum and the outlook for wages.


Walton's comments were the latest in a series of remarks from MPC members in recent weeks signalling that the central bank is in no mood to trim borrowing costs soon after a quarter percentage point cut in August to 4.5 percent.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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