BoE’s Bailey: There is evidence some retailers are overcharging customers

“There is evidence some retailers are overcharging customers,” Bank of England (BoE) Governor, Andrew Bailey, said on Thursday.

He said that “moves by regulators on retail prices will help to lower inflation.”

Market reaction

At the time of writing, GBP/USD is back on the bids at around 1.2710, still hovering within its weekly range.