“The size of the Bank of England’s balance sheet will be a major problem for us in the next five years,” the BoE Governor said on Monday, Andrew Bailey, as reported by Reuters.
“We are in the stage of asking big questions about digital currencies and looking for answersBailey added.
Market reaction
These comments do not appear to be having a significant impact on the performance of the British pound against its main rivals. At time of writing, the GBP / USD pair was up 0.1% on the day at 1.4118.
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