UK’s Dale on the wires
Bank of England’s Chief Economist Spencer Dale had this to say on the current situation in the UK;
*Pause does not necessarily mean loosening at an end
*BoE can withdraw stimulus at any time, in any order
*BoE ready to make more purchases if needed
This commentary seems bearish for the pound and market did act accordingly knocking Gbp/Usd down 30 points to 1.5135. The pair has since regained its losses and currently trades at 1.5163.




No Responses to “UK’s Dale on the wires”
Add a comment