BoE: A No-Deal Brexit Could Lead To Sharp Fall In Supply Capacity, Weaker GBP

Market news

1 November 2018

BoE: A No-Deal Brexit Could Lead To Sharp Fall In Supply Capacity, Weaker GBP

Interest Rate Could Rise Or Fall In Event Of "Abrupt And Disorderly" Brexit
No Flexibility To Delay Return Of Inflation To Target If Supply Hit Harder Than Demand
Smooth Brexit Could See GBP Gains, Investment Boost
"Little That Monetary Policy Can Do" To Offset Supply Shocks

U.S.: Nonfarm Productivity, q/q, Quarter III 2.2% (forecast 2.2%)

BoE Sees UK Economy Growing 1.3% This Year, 1.7% In Years 2019 To 2021

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