BoE Governor Bailey (Q&A), asked if the message is to 'get ready for rate hikes', says no; says today is an active hold

Governor Bailey's remarks indicate a continued hold on rates rather than signaling imminent hikes, suggesting the BoE is cautious amidst prevailing economic uncertainties. This may imply that market expectations for tightening could be recalibrated, impacting GBP and potentially influencing fixed income dynamics as traders gauge the bank's commitment to its current policy stance.