Hungarian Prime Minister Orban: This morning we received a proposal and negotiated a control mechanism to ensure that EU funds are used appropriately in Ukraine.

Bank of England Governor Bailey: We will discuss the balance of risks at every meeting.

Spot palladium fell 2.00% on the day and is currently at $962.41 per ounce.

The four-week average number of initial jobless claims in the United States for the week ending January 27 was 207,750, compared with the previous value of 202,250.

In the United States, 1.898 million people continued to apply for unemployment benefits in the week to January 20, compared with the expected 1.84 million people and the previous value of 1.833 million.

Bank of England Governor Bailey: We can lower interest rates, but policy will remain restrictive.

Bank of England Governor Bailey: About 30% of the impact of interest rate hikes has not yet been felt in the British economy.

UK Chancellor of the Exchequer Hunt: If I lower taxes, it will be done in a responsible way.

British Finance Minister Hunt: Interest rates appear to have peaked, which is positive.

According to Iran’s Press TV: The leader of the Houthi armed forces said that the United States is trying to ensure that the Palestinians do not receive any support.

Bank of England Governor Bailey: Cryptocurrencies are not currencies in any sense.

Ramsden, Deputy Governor of the Bank of England: He believes that there are "differences" between the economies of the United Kingdom and the United States and the Eurozone.

Deputy Governor of the Bank of England Ramsden: British service sector inflation is higher than that of the United States and the euro zone.

Bank of England Governor Bailey: We don’t need to see inflation return to the target level before cutting interest rates, we need evidence that inflation is moving towards the target level.

Bank of America: Adjusted forecast for the Fed’s first interest rate cut from March to June.

Bank of England Governor Bailey: I disagree with the view that we have made it easy to hold down wage growth.

According to the Kyiv Independent: Ukrainian military intelligence said they sank a Russian Tarantula-class Ivanovich guided missile frigate of the Black Sea Fleet near Crimea.