BOEs Bailey: We will only do QT in stable markets. Will cease if conditions changeBOE Bailey:we will only do quantitative tightening active sales in a stable marketsWill cease if conditions changewe cannot have a constant ratchet upwards of a central bank balance sheetsThe GBPUSD is trading near lower levels at 1.28406, and looks toward the 50% midpoint of the range since the 2020 low at 1.28288.
Source: BOEs Bailey: We will only do QT in stable markets. Will cease if conditions change (https://www.forexlive.com/centralbank/boes-bailey-we-will-only-do-qt-in-stable-markets-will-cease-if-conditions-change-20220422/)
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