Bank of England monetary policy member Mann: The decline in inflation expectations is very important to my decision to raise interest rates from 50 basis points to 25 basis points.

Goldman Sachs CEO Solomon: Valuations will be reset in 2022, and the cost of capital will increase, leading to a slowdown in capital market activity. It takes 4 to 6 quarters to complete the reset, and five quarters have passed so far.

Goldman Sachs CEO Solomon: The company has made some adjustments in the consumer business, reducing its direct-to-consumer ambitions and focusing on the operation and improvement of the deposit platform and credit card business.

Bank of England monetary policy member Mann: wait for data analysis before deciding on the next vote.

Brent crude oil fell to 72 US dollars / barrel, an intraday drop of 3.96%.

Bank of England monetary policy member Mann: very worried about sticky core inflation.

Bank of England monetary policy member Mann: Concerned about "sustained pressure" on inflation.

Mann, Monetary Policy Member of the Bank of England: I still have doubts about how tight financial conditions in the UK really are.

Goldman Sachs CEO Solomon: There is no latest news on the sale of fintech lending company GreenSky.

Kekai International CEO: The economy is on the verge of recession.

Goldman Sachs CEO Solomon: Over the past few months, clients have been avoiding risk.

Goldman Sachs CEO Solomon: I have always been surprised by the resilience of the US economy.

UK gilts were broadly lower, with the 10-year yield up 10 basis points to 4.34%.

Goldman Sachs CEO Solomon: Capital market activity may start to pick up in 2024.

Mann, Monetary Policy Member of the Bank of England: Inflation expectations have moderated since May.

Bank of England monetary policy member Mann: British inflation expectations are still too high.

Goldman Sachs CEO Solomon: There is a great possibility that interest rates will rise.

Goldman Sachs CEO Solomon: We can solve the problem in a more moderate way.

EUR/GBP extended its gains on the day against the pound to 0.50% and was last at 0.8592.

Bank of England Monetary Policy Committee Mann: Service sector inflation reaching 3% "is a problem for the UK".