Bank of England: Response To Any Form Brexit Takes Won't Be Automatic, Could Be In Either Direction

Market news

29 November 2018

Bank of England: Response To Any Form Brexit Takes Won't Be Automatic, Could Be In Either Direction

Releases Brexit "Scenarios," Says Not Forecasts Since Many Details Unknown
Rates "Won't Necessarily" Follow "Mechanical" Path Set Out Under Brexit Scenarios
Rate Response Will Depend On Balance Of Hit To Demand, Supply
Under "Close" Post-Brexit Relationship, GDP 1.25% Lower Than If No Brexit Vote By End-2023
"Close" Deal Would See GDP 1.75% Higher Than Nov Forecast By End-2023
GBP Could Appreciate By 5% Under "Close" Brexit Deal

BoE: GBP Could Fall 15% In Disruptive, 25% In Disorderly Brexit

Federal Reserve Chairman Jerome Powell ignited a market rally Wednesday by saying interest rates are "just below" broad estimates of a level considered neutral - DJ

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