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The Bank of England (BOE) Chief Economist Andy Haldane noted some optimistic comments on the UK economy on Thursday.

He said that the UK economy may be near pre-pandemic output levels.

Last week, Haldane triggered a sharp rally in GBP/USD after he said that the “UK economy is going gang-busters,” adding that “we may need to start turning off the stimulus tap.”

His hawkish comments remain in investors’ minds ahead of next week’s BOE monetary policy meeting, with expectations of a sooner-than-expected rate hike building up, especially after the US Fed turned hawkish on Wednesday.