The British pound is trading flat amid Boy warning, the US dollar is recovering modestly

• GBP/USD is trading flat on Tuesday, carrying on the two domain near 1.3520.
• The Governor of England Bank Billy believes that they are transported but warn against increased uncertainty.
• The division within MPC refers to a path of data that depends on the front.

The British pound (GBP) is trading against the US dollar (US dollar) on Tuesday, as it decreased slightly from its height during the day with its survival in the Monday. GBP/USD husband has a constant, as the US dollar slightly reduces the lowest level in six weeks, as market participants look forward to the upcoming American economic data and the BOE officials digesting the criticisms report on Tuesday.

At the time of writing this report, the GBP/USD pair is traded around 1.3521 during the late American session, which urges some gains on Monday amid no clear direction drivers. Meanwhile, the US dollar index (DXY) regulates a moderate recovery after a decrease on Monday to the lowest level of six weeks, with the support of optimistic job opening data. The index rose back above the 99.00 mark, hovering near the height of Monday and the last time was seen circulating about 99.23.

Earlier on Tuesday, Bank of England officials appeared in front of Parliament to present a new look at the policy expectations of the central bank during the cash report sessions. England’s governor of England and Andrew Billy reiterated that interest rates are likely to go to a decrease, but stressed that the path forward is increasingly uncertain. “I think the path remains down, but to what extent and quickly surround it a lot of uncertainty,” Billy pointed out, noting increasing global trade tensions and its ability to disrupt investment and economic growth.

The Deputy Governor Sarah Brendin, a sin in the Monetary Policy Committee (MPC), told legislators that she had supported the reduction of the May average even in the absence of external commercial shocks, which enhances the bias of the Bank of England towards mitigation. However, the divisions within the MPC-Soyati Dengra have been pushed to lower deeper, warning of clouds from narrow policy, while Catherine Man, the MPC external member who opposed the price reduction May, said that the labor market seems to cool down less than expected in February, when she supported more aggressive aggressive at the point.

In general, England Bank listening sessions revealed that although interest rates are likely to decrease, there is no clear consensus on the speed of this. Some members are concerned that inflation may continue, while others believe that maintaining very high rates for a long time may harm the economy. As opinions are clearly divided, the central bank is likely to take a cautious approach based on data in the coming months.