BoE's Taylor says growing downside risks have materialised

BoE's Taylor says growing downside risks have materialised.

The BoE's Taylor highlighting growing downside risks signals a more cautious outlook for the UK economy. This could shift market expectations around future rate decisions, potentially valuing GBP weaker as traders reassess monetary policy trajectories. Watch for cross-asset implications, particularly in fixed income, as this could influence bond yields and risk sentiment.