GBP/USD appears to be reversing course ahead of the monthly low (1.3731) as Bank of England (BoE) Governor Andrew Bailey insists that the “economy is bouncing back rapidly,” and fresh data prints coming out of the UK are likely to sway the British Pound as the central bank upgrades its economic outlook for the region. GBP/USD is little changed from the start of the month as the BoE Governor Bailey expects the output gap in the UK “to be closed by the end of this year,” with the central bank head going onto say that “it is important not to over-react to temporarily strong growth and inflation” while speaking at the ... (full story)