“There is a risk of scarring effects on demand due to increased risk aversion,” Bank of England (BoE) policymaker Michael Saunders told the Treasury Select Committee on Monday, as reported by Reuters. Additional takeaways “I am worried about pandemic hangover even after vaccine rolled out.” “There has been a big rise in corporate debt, risk of a further rise in unemployment.” “I expect these scarring effects will weigh on the UK economy for some time.” Market reaction The GBP/USD pair showed little to no reaction to these comments and was last seen trading flat on the day at 1.3282. 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 tumbles to 1.1800 as the US dollar reverses sharply FX Street 2 years "There is a risk of scarring effects on demand due to increased risk aversion," Bank of England (BoE) policymaker Michael Saunders told the Treasury Select Committee on Monday, as reported by Reuters. Additional takeaways "I am worried about pandemic hangover even after vaccine rolled out." "There has been a big rise in corporate debt, risk of a further rise in unemployment." "I expect these scarring effects will weigh on the UK economy for some time." Market reaction The GBP/USD pair showed little to no reaction to these comments and was last seen trading flat on the day at 1.3282. 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.
