BOE's Bailey: UK labour market much more constrained than we thought – by eren_fxstreet BOE CentralBanks
"I do not think the scale of QE has blurred the distinction between monetary and fiscal policy.""UK labour market has turned out to be much more constrained than we thought, different to other countries.""Paying bank rate on BoE reserves is the simplest way to pin down interest rates in line with BoE goals."GBP/USD edged higher in the last hour and was last seen gaining 0.45% on the day at 1.2010.
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