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Image: Jude Beck on Unsplash
By printing money and buying its own bonds, Bank of England is hoping to ride the lower cost of money and lower interest rates to make it smoother for investment and retail banks to lend with easier terms. Perhaps the answer shouldn't be built around easy. With another lockdown coming on Thursday, people will continue their streak of not standing in line for fish and chips and having conventional conversations about the weather.
Maybe lockdowns aren't the answer.
GBPUSD opens at 1.295 today.