BOE's Bailey: UK will keep benefit of low debt costs for longer than elsewhere ...Middle East

On QE/QT, Bailey said UK will keep the benefit of lower debt costs for considerably longer than other countriesClaims that BOE's QT programme is more expensive than those of other countries misses and important part of the argumentUK bank ringfencing regime helps economy because it requires for the most part UK deposits to be used to lend into the UK economy

There isn't much of a signal here. Cable is down 60 pips today to 1.3390 on broad USD strength.

This article was written by Adam Button at www.forexlive.com.

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