Bank of England Deputy Governor Jon Cunliffe said on Friday that they are seeing a strong bounce back in the economy as COVID restrictions ease, as reported by Reuters.
Additional takeaways
“Hearing reports of businesses struggling to deal with the surge in demand.”
“Face to face retail in the high street has been quite slow to come back.”
“Town centres will have challenges over the next few years.”
Market reaction
These comments don’t seem to be having a significant impact on the British pound’s performance against its rivals. As of writing, the GBP/USD pair was up 0.44% on the day at 1.4165.
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