The Bank of England’s (BOE) ability to support the economy will be hampered if Brexit is delayed again, BOE’s Deputy Governor Dave Ramsden said in an interview with The Telegraph newspaper. Key quotes (Source: Reuters) Britain’s economy had been so damaged by uncertainty about Brexit – chiefly via a steady fall in investment by companies – that it could hamper the BoE’s ability to help it. I see less of a case for a more accommodative monetary position if the deadline for leaving the European Union is pushed back beyond Oct. 31. Ramsden is cautious about the economy’s growth potential due to Britain’s poor record on productivity which contracted at the fastest annual pace in five years in the second quarter. The global trade war is weighing on firms’ willingness to invest around the world too. 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 PBOC sets Yuan reference rate at 7.0725 FX Street 4 years The Bank of England's (BOE) ability to support the economy will be hampered if Brexit is delayed again, BOE's Deputy Governor Dave Ramsden said in an interview with The Telegraph newspaper. Key quotes (Source: Reuters) Britain's economy had been so damaged by uncertainty about Brexit - chiefly via a steady fall in investment by companies - that it could hamper the BoE's ability to help it. I see less of a case for a more accommodative monetary position if the deadline for leaving the European Union is pushed back beyond Oct. 31. Ramsden is cautious about the economy's… Regulated 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.
