Core Viewpoint - The Governor of the Bank of England, Andrew Bailey, anticipates a significant softening in global trade prices [1] Group 1 - The expectation of declining global trade prices may impact inflation rates and economic growth across various sectors [1] - This outlook suggests potential changes in monetary policy as central banks respond to evolving trade dynamics [1] - The anticipated price softening could influence supply chain strategies and cost management for companies engaged in international trade [1]

Group 1 - The Bank of England Governor Bailey stated that tariffs and trade uncertainties are putting pressure on economic activity [1] - The overall impact on UK inflation remains unclear [1] - A significant decline in global trade prices is expected [1] Group 2 - There has been no communication regarding a trade agreement with the United States [1] - Trade agreements are welcomed as they would reduce uncertainty [1]