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Additional remarks from  Bank of England rate-setter Michael Saunders continue to cross the wires as he continues to speak  at Imperial College in London.

Key quotes (via Reuters)

  • Rates could move either way after no deal.
  • Households would probably go back to recent trend if Brexit deadline extended by couple of years.
  • Output gap has been closing hence policy should not be as loose as has been when we get out of Brexit risk.
  • BoE  probably would not change assumptions until government has firmer policy after Brexit.