Search ForexCrunch

The BoE Deputy Governor, Ben Broadbent, in an interview with the Press Association published this Monday, said that a delay in Brexit deadline to October will have a negative impact on investments.  

Key quotes:

   “¢   Investment already feeling the consequences of uncertainty.
   “¢   If Brexit deal is struck, there could be quite a strong rebound in investment.
   “¢   Doesn’t know which way rates would go in case of a messy no-deal Brexit.
   “¢   Reiterates that any BOE rate hikes will be gradual.
   “¢   Haven’t decided whether to apply to succeed Carney as BoE Governor.