We are seeing a strong rebound as COVID restrictions are eased – Jon Cunliffe

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Bank of England Deputy Governor Jon Cunliffe, said on Friday that they are seeing a strong rebound in the economy as COVID restrictions are eased, as reported Reuters.

Featured statements

“We hear reports from companies struggling to cope with increased demand.”

“Face-to-face retail on Main Street has been a long time coming back.”

“Urban centers will have challenges in the coming years.”

Market reaction

These comments do not appear to have a significant impact on the performance of the British pound against its rivals. At time of writing, the GBP / USD pair was up 0.44% on the day at 1.4165.

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