BoE’s Bailey: We have quite an unbalanced recovery

Bank of England (BoE) Governor Andrew Bailey acknowledged on Monday that the economic recovery in the UK is “quite unbalanced,” as reported by Reuters.

“Hopefully, that imbalance will reduce as more services markets reopen from lockdown,” Bailey added. “The risk of high inflation expectations becoming entrenched is not our central view.”

Market reaction

These comments don’t seem to be having a noticeable impact on the British pound’s performance against its major rivals. As of writing, the GBP/USD pair was virtually unchanged on the day at 1.4148.

Articles You May Like

NASDAQ index soars leading the stock market gains
USD/JPY drops below 135.00, eyes 200-day moving average
Sentiment Lifted by Fed Powell, Dollar Down While Stocks Up
Yen Jumped as Fed Powell Knocked Down Dollar and Yields
Gold rises Rs 352; silver rallies Rs 1,447

Leave a Reply

Your email address will not be published. Required fields are marked *