Bank of England (BoE) Deputy Governor Dave Ramsden reiterated on Tuesday that the BoE is not about to implement negative rates anytime soon, as reported by Reuters.
While responding to a question about possible market reaction to Brexit, “at the moment, markets are probably pricing in about a 20%, maybe 20-30% chance of no-deal, so you might get some market disruption,” Ramsden said.
Market reaction
The GBP/USD pair largely ignored these remarks and continues to consolidate its daily gains. As of writing, the pair was up 0.4% on the day at 1.3243.
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