Bank of England Governor Andrew Bailey must clarify "apparent contradictions" in evidence he gave to a parliamentary enquiry about his role in the 2019 collapse of investment group London Capital & Finance (LCF), lawmakers said on Tuesday.
Trending
“Last week, the British Pound suffered its worst week against the US Dollar this year as the world’s reserve currency gained momentum across the board, said Vessey. Sterling could fall further against the dollar but may climb higher against the Euro in the short term. Bank of England Governor Andrew Bailey has so far not intervened in the bond market turmoil despite 10-year UK yields having quadrupled this year. Policymakers view it as a natural reaction given the UK’s lead in the global vaccination race, which has also been GBP constructive. Sterling could fall further against the dollar but may climb higher against the Euro in short term (Image: Getty Images)
By David Milliken LONDON (Reuters) - Bank of England Governor Andrew Bailey must clarify "apparent contradictions" in evidence he gave to a parliament.
Top stories: Guidelines change for fully vaccinated people in the US; Pfizer/BioNTech vaccine neutralizes Brazil variant in lab; Indonesia grants emergency approval to Oxford/AstraZeneca vaccine.