![BOE Governor Andrew Bailey caricature 2](https://images.forexlive.com/images/BOE%20Governor%20Andrew%20Bailey%20caricature%202_id_20f7bf9f-5136-4d67-a9dd-f25fd8aaec7d_size900.jpg)
- One remaining puzzle is the market valuation of the large UK banks
- Expect future levels of reserves to fall from current level of £467B
Andrew Bailey, the same guy who was lamenting people for asking for wage hikes is now upset about UK bank stock prices.