Adding to his earlier comments, the BoE Deputy Governor Ben Broadbent was further noted saying that Brexit transition period is most crucial for central bank outlook.
Additional quotes:
“¢ Thinks reaching a Brexit deal is still the most likely outcome.
“¢ A fair amount of uncertainty would disappear with a Brexit transition deal, some investment would come back.
“¢ Surveys of business investment are as important as the official data – which comes out with a lag.
“¢ Either having a Brexit deal or not, is not definitive in terms of setting interest rates.
“¢ The Brexit outcome could mean rates go up or down.
“¢ Sterling presumably would be stronger in the event of a good Brexit deal.
“¢ If we leave without a deal, likely the currency would fall.
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