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BOE Governor Bailey Says Pound’s Drop Is ‘Not a Crisis’ for Now

  • UK currency is down 10% against the dollar this year
  • Drop in UK workforce and pricing power are bigger worries
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WATCH: Bank of England Governor Andrew Bailey speaks with Bloomberg Television’s Francine Lacqua.Source: Bloomberg

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Bank of England Governor Andrew Bailey said the pound’s decline is “not a crisis” for now and that policy makers are watching it along with many other measures to assess the economic outlook.