The post Hawkish comments from the treasury select committee appeared on BitcoinEthereumNews.com. Bank of England (BoE) Deputy Governor for Markets and Banking Dave Ramsden, Deputy Governor for Monetary Policy Clare Lombardelli, and MPC member Catherine Mann gave comments to the Treasury Select Committee on Tuesday about the November monetary policy report. Key takeaways BoE’s Ramsden : Gradual removal of policy restraint appropriate. I do not currently think there is evidence to suggest that the economy is developing out of line with our baseline forecasts.” BoE’s Lombardelli : I worry more about upside risks to inflation. I put weight on structural factors pushing up inflation. I am less convinced than others about how restrictive policy is. Might slow down rate cutting pace as we get nearer end-point of cycle. We think budget will reduce inflation by 0.4-0.5 percentage points. Downward impact on inflation will be one-off for a year starting in Q2 2026.” BoE’s Mann: As i look forward, we can see budget changes will lead to lower inflation rate.But we have had behavioural changes linked to 4 years of inflation above 2%. UK firms are reluctant to reduce prices even when demand is weak. Overall labour market situation is not as dire as BoE surveys show, due to public sector Employment Pre-budget policy prevarication has been detrimental to consumer confidence and business investment.” Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.04% 0.16% 0.63% -0.14% -0.33% -0.20% -0.05% EUR -0.04% 0.12% 0.57% -0.18% -0.37% -0.25% -0.10% GBP -0.16% -0.12% 0.46% -0.30% -0.49% -0.36% -0.22% JPY -0.63% -0.57% -0.46% -0.74% -0.94% -0.81% -0.66% CAD 0.14% 0.18% 0.30% 0.74% -0.20% -0.07% 0.08% AUD 0.33% 0.37% 0.49% 0.94% 0.20% 0.13% 0.28% NZD 0.20% 0.25% 0.36%… The post Hawkish comments from the treasury select committee appeared on BitcoinEthereumNews.com. Bank of England (BoE) Deputy Governor for Markets and Banking Dave Ramsden, Deputy Governor for Monetary Policy Clare Lombardelli, and MPC member Catherine Mann gave comments to the Treasury Select Committee on Tuesday about the November monetary policy report. Key takeaways BoE’s Ramsden : Gradual removal of policy restraint appropriate. I do not currently think there is evidence to suggest that the economy is developing out of line with our baseline forecasts.” BoE’s Lombardelli : I worry more about upside risks to inflation. I put weight on structural factors pushing up inflation. I am less convinced than others about how restrictive policy is. Might slow down rate cutting pace as we get nearer end-point of cycle. We think budget will reduce inflation by 0.4-0.5 percentage points. Downward impact on inflation will be one-off for a year starting in Q2 2026.” BoE’s Mann: As i look forward, we can see budget changes will lead to lower inflation rate.But we have had behavioural changes linked to 4 years of inflation above 2%. UK firms are reluctant to reduce prices even when demand is weak. Overall labour market situation is not as dire as BoE surveys show, due to public sector Employment Pre-budget policy prevarication has been detrimental to consumer confidence and business investment.” Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.04% 0.16% 0.63% -0.14% -0.33% -0.20% -0.05% EUR -0.04% 0.12% 0.57% -0.18% -0.37% -0.25% -0.10% GBP -0.16% -0.12% 0.46% -0.30% -0.49% -0.36% -0.22% JPY -0.63% -0.57% -0.46% -0.74% -0.94% -0.81% -0.66% CAD 0.14% 0.18% 0.30% 0.74% -0.20% -0.07% 0.08% AUD 0.33% 0.37% 0.49% 0.94% 0.20% 0.13% 0.28% NZD 0.20% 0.25% 0.36%…

                                                                               Strive, co-founded in 2022 by American entrepreneur Vivek Ramaswamy, launched a $500 million preferred stock offering to acquire more Bitcoin and Bitcoin-related products.                     Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases.The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated on Tuesday that it intends to use the net proceeds from the sale for “general corporate purposes, including, among other things, the acquisition of Bitcoin and Bitcoin-related products and for working capital.”It also intends to purchase “income-generating assets” to grow the company’s business, but did not specify which. Read more