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3 Mar 2020

BoE's Tenreyro: Fiscal policy might become more of a tailwind for UK economy

Coronavirus response might provide extra countercyclical stimulus, the Bank of England (BoE) will need to take account of this, BoE Deputy Governor Dave Ramsden said on Tuesday and added that the policy might become more of a tailwind for the economy.

"We need to weigh supply and demand effects from coronavirus and see if spare capacity opens up that will put downward pressure on inflation," Ramsden explained.

GBP/USD reaction

The GBP/USD pair, which touched a daily high of 1.2815 earlier in the session, was last seen trading at 1.2792, adding 0.33% on the day.

Mar 3, 2020

EUR/USD meets some resistance near 1.1150 post-CPI

After recording fresh 8-week highs in the 1.1180 region on Monday, EUR/USD sparked some correction and it has now returned to the 1.1120 area. EUR/USD
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Mar 3, 2020

BoE's Tenreyro: Important to highlight that we were not in a rush to raise interest rates

"We have a very tight labour market but this is not the only factor for inflation," Bank of England (BoE) policymaker Silvana Tenreyro explained on Tu
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