BOE MPC member Saunders: Sterling would probably fall after no-deal Brexit

Market news

9 May 2019

BOE MPC member Saunders: Sterling would probably fall after no-deal Brexit

UK has missed out on 2-3 year of business investment on Brexit
smooth Brexit transition would probably boost investment
Brexit deal would help economic outlook
series of repeated Brexit cliff edges could cause investment to be subdued for a while
UK real incomes have picked up in past year
UK neutral rate is a lot lower than in the past
estimates neutral rate is about 2%
I would expect interest rates will go a bit higher over time, but it won’t be far of fast

UK tourist numbers rise by 6% in January, spending flat - ONS

US trade tactic could continue to prolong business uncertainties - expert

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