A post by @FirstSquawk on X.

Bank of England Governor Andrew Bailey said the central bank must contain the fallout from the conflict in Iran while domestic inflation pressures that predate the war remain elevated. He also noted that UK economic activity has proven more resilient than expected and that business investment has grown by more than officials had forecast. The remarks suggest the BoE is balancing external geopolitical risk against sticky underlying price pressures at home. Bailey's acknowledgment of stronger-than-anticipated investment and activity points to a more robust demand backdrop than policymakers had assumed. Investors will watch upcoming UK inflation and growth data, along with the BoE's next policy decision, for signals on how the Iran conflict and domestic price dynamics shape the rate path.