BOE Pill cautions on further rate cuts- GBP/USD edges towards 1.34 again

Interestingly the Bank of England lead economist, Huw Pill is just now talking on the wires and he is adding some pretty hawkish comments regarding BOE policy. He is saying that the inflation position right now does not justify incremental BOE rate cuts, such as seen to date. Most recently Pill voted against a rate cut, when the BOE decided to deliver that earlier this month. What is interesting about these remarks, is they come ahead of what is expected to be significantly elevated inflation reports tomorrow. In that sense it seems Pill surely has that on his mind this morning and of course his rhetoric might be justified, when we see that data early tomorrow. So, the GBP/USD has continued to edge higher this morning, no doubt buoyed to some extent by these Pill comments. The high seen so far has been set at 1.3395. The high seen yesterday at 1.3404 is still guarding the topside and then we have that 2025 high at 1.3444. The GBP/USD is right now at 1.3385