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fxJul 16, 2026, 8:25 AM

BoE’s Breeden: Bank Stays Alert to Inflation Risks

Bank of England Deputy Governor Sarah Breeden said UK inflation would have already hit the 2% target if not for the Middle East conflict, adding that the central bank remains vigilant.

GBPUSD

Bank of England (BoE) Deputy Governor Sarah Breeden remarked during the European trading session on Thursday that UK inflation would have been at the central bank’s 2% target had the Middle East war not occurred.

She emphasized that the BoE remains vigilant to inflation risks, signaling that geopolitical factors continue to influence the inflation outlook. The comment suggests the central bank is closely monitoring external shocks that could delay the return to target.

Source: FXStreet Forex News