BOE Won't Step in to Prop Up Pound

BOE Won't Step in to Prop Up Pound

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the anticipation of a Bank of England announcement in response to the Chancellor's tax cuts funded by borrowing. Despite market pressure, the Bank of England decided not to take immediate action, opting to wait until its scheduled November meeting. The Treasury aims to reassure markets by allowing the Office for Budget Responsibility to publish its economic assessment. However, experts like Mohammed Al Arian and Gerard Lyons express concerns about the sufficiency of these measures to stabilize market sentiment.

Read more

2 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns did Mohammed Al Arian express regarding the market's sentiment?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What did Gerard Lyons suggest about the government's actions to reassure markets?

Evaluate responses using AI:

OFF