Bank of England (BoE) policymaker Michael Saunders continues to deliver his remarks on the policy and the economic outlook with key quotes found below. “The jobless rate has probably risen to about 9%.” “Risks lie on the side of a relatively slow recovery, reflecting persistently high levels of uncertainty and risk premia.” “Households and businesses likely to be concerned about the return of COVID lockdown measures.” “Economy will continue to face other major uncertainties over Brexit and global trade policies.” “The searing experience of such a dramatic drop in incomes, jobs and profits is likely to have lasting behavioural effects, as after previous crises.” “Even strong rebound could still leave the UK economy well below pre-COVID level.” Market reaction The GBP/USD pair remains under bearish pressure following Saunders’ comments and was last down 0.08% on the day at 1.2240. 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 GBP/USD: Free Cummings, shackled sterling FX Street 3 years Bank of England (BoE) policymaker Michael Saunders continues to deliver his remarks on the policy and the economic outlook with key quotes found below. "The jobless rate has probably risen to about 9%." "Risks lie on the side of a relatively slow recovery, reflecting persistently high levels of uncertainty and risk premia." "Households and businesses likely to be concerned about the return of COVID lockdown measures." "Economy will continue to face other major uncertainties over Brexit and global trade policies." "The searing experience of such a dramatic drop in incomes, jobs and profits is likely to have lasting behavioural effects,… 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.
