- BOE's governo Carney: Perceived chance of a no-deal Brexit has risen
Market news
1 August 2019
BOE's governo Carney: Perceived chance of a no-deal Brexit has risen
- Response to Brexit could be in either direction
- Global trade tensions have intensified
- Impact of trade tensions is larger than anticipated
- Underlying UK growth is now below potential
- Sees UK investment falling further in Q3
- Domestic inflationary pressures have strengthened
- There is a possibility of a no-deal outcome
- We have been preparing financial markets for such a possibility
- The current stance is that the UK is looking for a deal
- Cannot say that rates can go in any one direction in the event of a deal or no-deal
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