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Carney’s speech: GBP rebound shows prospects of a no-deal has diminished

The Bank of England (BOE) Governor Mark Carney is on the wires now, testifying on the Financial Stability Report (FSR) before the Treasury Select Committee (TSC), in London.

Key Headlines:

Market view of Brexit vote most clearly expressed in FX market.

GBP rebound shows prospects of a no-deal has diminished.

Continued volatility in markets to be expected.

Wouldn’t put weight on short-term market moves.

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