In an interview with Bloomberg TV at the sidelines of the annual meetings of the IMF and World Bank Group in Washington, Bank of England (BoE) Governor Mark Carney said that they were expecting to see a rebound in business investment if Brexit deal were to be approved on Saturday but added that they could not pre-commit to rate hikes if that were the case.
“We have to take momentum in global economy into account when considering rates,” Carney said. “Monetary Policy Committee members will make their own judgments about what a no-deal Brexit does to supply capacity of the economy.”
Meanwhile, the British Pound continues to gather strength as investors readjust their positions ahead of tomorrow’s critical vote. As of writing, the GBP/USD pair was up 0.3% on the day at 1.2928.
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