BoE’s Bailey: Resumption of hostilities in Gulf underlines instability going forward
Bank of England (BoE) Governor Andrew Bailey said on Tuesday that the “resumption of hostilities in the Gulf underlines instability going forward.”
Additional comments
The UK situation is supported by the fiscal framework as well as the monetary policy.
The big issue for the UK is growth in the economy.
Core banking system in the UK is resilient.
Debt levels are not stretched in the UK.
Market reaction
GBP/USD is holding higher ground near 1.3375, up 0.19% on the day, at the time of writing, little moved by these comments.
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