Continuing his speech at the Financial Times Global Digital Conference, Bank of England Governor Andrew Bailey has said that They have talked about yield curve control but they don’t see a great need at the moment. Bailey has added that they do not have a date in mind for the outcome of the negative rate review and that much work needs to be done with the banks to decide if negative rates are feasible.
The comments have done little to sway the British pound or provide a significant boost to the GBP / USD pair. At the time of writing, the pair is holding near the lower end of its daily range, around the 1.3180 region.
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Credits: Forex Street
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