BoE’s Bailey: Does not expect second wave of COVID to have same economic impact as in spring

Haresh Menghani FXStreet

The Bank of England (BoE) Governor, Andrew Bailey, via the Yorkshire Post, said that the second wave of the coronavirus will obviously add to economic uncertainty but is not expected to have the same impact as in the spring.

Key quotes:

Some sectors of the economy need further support for the recovery.
Some parts of the economy will face structural change due to the pandemic.
It is in the interests of the UK and EU to get a Brexit deal.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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