Headlines Aug 5

​The infrastructure package would add $256 billion to the deficit between 2021 and 2031, according to the CBO.
Biden an order for clean automobiles to account for half of all vehicle sales by 2030.
US State Department: We hope Iran takes use of this window of opportunity to seek diplomatic solutions.
BoE Gov. Bailey: The BoE isn't contemplating easing the restriction on bank bonuses.

US EIA Natural Gas Ch. BCF Actual 13B (Forecast 17B, Previous 36B) - NG Strengthened

BoE: Only once the bank rate has climbed to at least 1% would the MPC contemplate actively selling some of the stock of bought assets.
BoE may halt QE reinvestment once the rate reaches 0.5%. (Sterling whipsawed)