BOE’s Bailey: Will continue bond purchases in 2021, GBP/USD unfazed

The Bank of England (BOE) will continue with its bond purchases this year, Reuters reports, citing comments from the central bank Governor Andrew Bailey.

Additional quotes

Sees a 12% fall in UK Q1 GDP as compared to 2019.

Down 4% as compared to 2020.

UK inflation will remain below the 2% threshold.

But will initially flare in the short-term due to support measures.