GBP – Sterling steadied on Monday after Bank of England Governor Andrew Bailey said the current inflation surge was the central bank’s biggest challenge since it gained independence in 1997.
Nevertheless, when asked if he BoE should have acted differently, Bailey said: “I don’t think we could. I don’t think we could foresee a war in Ukraine. Another factor that we’re dealing with at the moment is a further leg of COVID, which is affecting China.”
Nevertheless, when asked if he BoE should have acted differently, Bailey said: “I don’t think we could. I don’t think we could foresee a war in Ukraine. Another factor that we’re dealing with at the moment is a further leg of COVID, which is affecting China.”
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.