BoE's Bailey: Size of BoE balance sheet to be major issue over next 5 years

"The size of the Bank of England's balance sheet will be a major issue for us over the next five years," BoE Governor Andrew Bailey said on Monday, as reported by Reuters.

"We're very much at the stage of asking big questions about digital currencies and looking for answers," Bailey added.

Market reaction

These comments don't seem to be having a significant impact on the British pound's performance against its major rivals. As of writing, the GBP/USD pair was up 0.1% on the day at 1.4118.