BoE’s Woods: Impairments rising across the UK financial sector
|Bank of England Deputy Governor Sam Woods said on Tuesday, “we are seeking a pick-up in impairments across the financial sector from a very low base.”
Additional comments
We are monitoring the commercial real estate, particularly in China.
We are interested in banks' exposure to China’s property sector.
Market reaction
The above comments fail to move the needle around the Pound Sterling, as GBP/USD keeps its range play intact near five-month lows of 1.2370.
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