Bank of England (BoE) Governor Andrew Bailey stated during the European trading session on Tuesday that the focus on maintaining financial stability has become more important than ever, given increased risks.

Additional remarks

Given increased risks, maintaining focus on financial stability is more important than ever.

Risks to financial stability have risen.

Most important thing we can do for economic growth is support financial stability.

I would expect banks to support the economy through lending following capital changes.

Have to maintain lessons of the financial crisis.

We looked very closely at the report. The BoE uses different release procedures, when asked on OBR leak.

Supervision on Dollar funding is much tighter than before the global financial crisis.

If we see very big deregulation moves in the US, there will need to be frank conversations,

Putting budget through our own monetary policy assessment.

All of us must focus on raising potential growth.

Need more investment in the real economy.

Market reaction

GBP/USD declines to near 1.3180 while BoE’s Bailey delivered remarks on financial stability. However, the US Dollar has also moved higher during the time of writing.