“The Bank of England will take all the necessary steps to support the UK economy and the financial system through the coronavirus outbreak,” BoE Governor Mark Carney said while speaking at University College London on Thursday. “Our policy arsenal includes monetary policy instruments, special liquidity facilities, and macroprudential tools,” Carney further explained. “The MPC is assessing the economic impacts and considering the policy implications of various possible scenarios.” Carney added that they are also coordinating with the Treasury to ensure that any initiatives are complementary and that they will have the maximum impact. GBP reaction The GBP/USD pair inched higher in the last minutes but this movement seems to be a product of broad-based USD weakness rather than a reaction to Carney’s comments. As of writing, the pair was up 0.57% on the day at 1.2943. 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 Ripple Price Analysis: Some key levels are being broken today FX Street 3 years "The Bank of England will take all the necessary steps to support the UK economy and the financial system through the coronavirus outbreak," BoE Governor Mark Carney said while speaking at University College London on Thursday. "Our policy arsenal includes monetary policy instruments, special liquidity facilities, and macroprudential tools," Carney further explained. "The MPC is assessing the economic impacts and considering the policy implications of various possible scenarios." Carney added that they are also coordinating with the Treasury to ensure that any initiatives are complementary and that they will have the maximum impact. GBP reaction The GBP/USD pair inched higher in… 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.
