BoE’s Dhingra: Food price inflation may rise again

Bank of England (BoE) policymaker Swati Dhingra said on Tuesday, “food price inflation may rise again.”

“Geopolitical pressures may add to food costs,” Dhingra added.

Market reaction

GBP/USD is consolidating the latest uptick to near 1.2310, currently trading 0.13% higher on the day at 1.2291.