“Financial markets indicate interest rates will stay very low,” Bank of England (BoE) Governor Andrew Bailey said on Friday.
“People can see that we are committed to keeping markets stable via quantitative easing,” Bailey added.
Market reaction
The GBP/USD pair edged slightly lower in the last minutes and was last seen trading at 1.2542, losing 0.06% on a daily basis. Moreover, the EUR/GBP pair was up 0.34% on the day at 0.9100 to reflect a broad-based GBP weakness. In the meantime, the UK’s FTSE 100 Index is up 0.48% at 6,280.
Share
