BoE Governor 'very pleased' about UK-US trade deal

ODN

Andrew Bailey says he is "very pleased" that the UK and the US have reached a trade deal agreement. But the governor of the Bank of England adds the deal will become much more important "if it becomes the trendsetter" for agreements involving the rest of the world. His comments come after the Bank of England cut interest rates from 4.5% to 4.25%. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00I'm very pleased that this seems to be about to happen. Very pleased. It is good news. I hope

00:08that this will be the first of many. I think it's great news, you know, very good news if the UK

00:14is the leader. Well done to everybody involved on both sides. And I hope also that this will

00:21create greater confidence in what I might call the governance of trade globally, which has clearly

00:27taken quite a big knock. On its own, it isn't as big as, you know, the rest of the world.

00:35So it will be much more important if it is the trendsetter, the trailblazer, call it what

00:41you like, for now trade agreements involving the rest of the world.

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