BoE's Breeden said the central bank should not be ‘trigger happy’ on rates, while she warned of a hit to business from political uncertainty, according to FT

The comments from BoE's Breeden suggest a cautious stance on interest rate adjustments, emphasizing that the bank should avoid making hasty decisions in the current political climate. This could signal to markets that the BoE is more focused on assessing the broader economic impact of political uncertainty rather than rushing into rate hikes, which may weigh on GBP and influence fixed income markets.