BoE's Greene says there is a strong case for the Bank to do exactly the opposite of what the Fed is doing, via FT interview

• Does not make sense to set domestic policy based on the risks from another central bank.
• The MPC expects inflation to fall back to target in 2026.
• There are two-sided risks to the underlying disinflation process. 

The remarks from BoE's Greene reflect a clear divergence in central bank strategies between the Bank of England and the Federal Reserve. His emphasis on the necessity of independent domestic policy suggests potential hawkishness from the BoE, even as the Fed may be tightening its stance. This commentary likely stirs volatility in GBP and could pressure USD/GBP cross rates, impacting the broader FX landscape as traders adjust expectations around interest rate paths.