The coronavirus outbreak will the first and the most pressing issue that they will have to face, incoming Bank of England Governor Andrew Bailey said while speaking before the UK Parliament’s Treasury Committee on Wednesday. “We have to be very nimble on coronavirus. It’s important that Mark Carney laid out full tools that the BoE has to tackle coronavirus,” Bailey added. “All focus is on monetary policy, but it would be reasonable to expect that we will have to provide supply-chain finance in the near future.” GBP/USD reaction The GBP/USD pair edged lower slightly and was last seen trading at 1.2815, adding 0.05% on a daily basis. Additional takeaways “Coronavirus has moved on in the days since I last met the finance minister.” “We have discussed how best to coordinate with the finance ministry, while preserving the BoE’s independence.” “BoE needs to act in a coordinated way with Treasury, I’m optimistic on this.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Buying opportunity FX Street 3 years The coronavirus outbreak will the first and the most pressing issue that they will have to face, incoming Bank of England Governor Andrew Bailey said while speaking before the UK Parliament's Treasury Committee on Wednesday. "We have to be very nimble on coronavirus. It's important that Mark Carney laid out full tools that the BoE has to tackle coronavirus," Bailey added. "All focus is on monetary policy, but it would be reasonable to expect that we will have to provide supply-chain finance in the near future." GBP/USD reaction The GBP/USD pair edged lower slightly and was last seen trading at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
