Other comments come across the sons of the Executive Director of Markets at the Bank of England (BOE), Andrew Hauser, as he rules out the possibility of negative interest rates in the UK.
“Negative rates will not happen in the short term.”
“But even if it’s decided, it will be the right thing to do at the time.”
GBP / USD keeps the recovery mode intact on the comments above, with eyes fixed on the 1.2550 levels. At the time of writing, the cable is losing 0.35% to hover around 1.2530.