Skip to content

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
Video player cover image
WATCH: Bank of England Governor Andrew Bailey speaks with Bloomberg Television’s Francine Lacqua.Source: Bloomberg

Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton.

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.