GBP bid on UK Covid Alert Level drop and ahead of BOE’s Bailey

The UK lowered the Alert Level for the coronavirus to Level 3 from Level 4. This means that “the epidemic is in general circulation”. The level 4 alert included “transmission is higher or rising exponentially”. Now that the level dropped, PM Johnson has the green light to ease more restrictions (set for next week), such as allowing restaurants to serve indoors. Last week, the Bank of England announced that they were going to keep monetary policy unchanged, but they also said they would slow the pace of bond buying to 3.4 billion Pounds 4.4 billion Pounds a week. This may not be a change in monetary policy, … (full story)

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