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"The Bank of England has been making every effort to maintain control over the withdrawal of support for the economy. Andrew Bailey, the Bank’s Governor, has been definite in his view that the increase in inflation that is being seen not only in the UK but across the entire developed world is temporary and will fade as supply chains return to normal. However, each economy is different, facing its own individual issues as well as those common to each. In the UK, the wholesale price of gas, which has quadrupled this year, will filter through to households and contribute to a more permanent increase in inflation. The Bank of England has been making every effort to maintain control over the withdrawal of support for the economy. Andrew Bailey, the Bank’s Governor, has been definite in his view that the increase in inflation that is being seen not only in the UK but across the entire developed world is temporary and will fade as supply chains return to normal. That problem will be shared with the Eurozone. The unique issue that is facing the UK is a major shortage of labour caused by Brexit. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.