BOE governor Bailey: Each member votes as what they think is best ...Middle East

There is no groupthink on the policy commiteeMann will be speaking in the near future and explain her position in much more detailI would not overinterpret any other moves in voting purposeIt is more important that the view on the rate path is based on economic fundamentalsWe think that the path for disinflation remains in place

As expected, you wouldn't expect Bailey to comment on Mann's take in all of this. So, we'll have to wait and see as to why she made a complete turnaround from a hawk to a dove in the latest meeting. GBP/USD is still trading around 1.2375, down 1.0%, keeping thereabouts since Bailey started speaking earlier.

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

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