The UK “GDP data was in line with where we thought it would be,” the Bank of England (BOE) Governor Andrew Bailey said in a scheduled speech at the Financial Times Global Digital Conference on Thursday.
Additional quotes
We’ve had a strong recovery.
But we still have a huge gap.
Recovery has been very uneven.
On vaccine news, it’s encouraging.
We have to be cautious because there is still way to go on vaccine trials.
Vaccine news broadly consistent with the BOE forecast assumptions.
Vaccine news starts to reduce weight of uncertainty.
Market reaction
GBP/USD jumped off daily lows on the above comments
more to come …
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