28 April | Other | Dollar

BoE’s Greene points out impact of US dollar exchange rate on UK monetary policy

BoE’s Greene points out impact of US dollar exchange rate on UK monetary policy

Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene emphasized the importance of exchange rate movements for British monetary policy during the interview to Atlantic Council in Washington on Friday. Analyzing the current situation, she noted the unusual dynamics of the US dollar, which, being a traditional “safe haven” in times of crises, showed a decline after the escalation of trade tensions initiated by Donald Trump.

Regarding the historical precedents, Green pointed to similar situations during the global financial crisis and the pandemic, when the dollar first declined and then strengthened. Given these factors, she believes it is too early now to draw definitive conclusions about the future of the US currency.

During the discussion of the upcoming interest rate decision scheduled for May 8, Green mentioned the exchange rate as a key factor in determining the central bank's actions. Lower import costs with a weaker dollar could have a deflationary effect on the British economy, helping to accelerate rate cuts. However, a strengthening dollar, on the contrary, will increase inflationary pressures and force the BoE to act more cautiously.

Period: 19.09.2025 Expectation: 950 pips
GBPUSD is correcting after testing resistance
Today at 10:29 AM 57
Gold buy
Period: 31.12.2025 Expectation: 2400 pips
Buying gold from $3,450 support
Today at 09:29 AM 47
Period: 19.09.2025 Expectation: 1000 pips
AUDCAD poised for further gains after brief consolidation
Today at 08:42 AM 64
Period: 31.10.2025 Expectation: 6000 pips
Selling SPX prior to seasonal correction
Today at 08:27 AM 52
Brent sell
Period: 19.09.2025 Expectation: 188 pips
Supply glut puts pressure on Brent prices
Today at 07:20 AM 66
Period: 18.09.2025 Expectation: 160 pips
Buying gas with $3.150 target amid completing correction
Yesterday at 11:58 AM 180
Go to forecasts