Andrew Hauser, the Bank of England’s executive director for markets, said on Thursday that the Brexit transition has so far been very smooth for the financial markets, as reported by Reuters. Additional takeaways “UK intends to maintain robust regulatory standards after Brexit.” “UK shaped EU financial regulation, so there isn’t a massive wishlist of things to change.” “It is striking how optimistic the tone is in financial markets.” “Huge impulse from the monetary and fiscal policy has done no harm to level of risky asset prices.” “We need to look at whether asset prices have got ahead of the underlying economy but so far so good.” Market reaction The GBP/USD pair edged lower in the last hour and is currently losing 0.32% on the day at 1.3564. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: ISM Services PMI improves to to 57.2 in December vs. 54.5 expected FX Street 11 months Andrew Hauser, the Bank of England's executive director for markets, said on Thursday that the Brexit transition has so far been very smooth for the financial markets, as reported by Reuters. Additional takeaways "UK intends to maintain robust regulatory standards after Brexit." "UK shaped EU financial regulation, so there isn't a massive wishlist of things to change." "It is striking how optimistic the tone is in financial markets." "Huge impulse from the monetary and fiscal policy has done no harm to level of risky asset prices." "We need to look at whether asset prices have got ahead of the underlying economy but so far… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
