Additional comments from Bank of England Governor Mark Carney continue to cross the wires as testifies before the Treasury Committee as part of the BOE’s inflation report hearings. “If you look through underlying trend, our judgement is that economy is growing very weakly, close to zero,” Carney said. “Our assessment is that preparations for no-deal that have been put in place since November have reduced the worst-case scenario. Stands to reason that if there were more time to prepare for Brexit, more would be accomplished.” Carney further reiterated that in the event of a no-deal it would be likely that the economy would slow, the foreign exchange rate would fall and inflation would rise. “There are substantial uncertainties about the magnitude of those factors,” Carney added. In the meantime, the GBP/USD pair continues to move sideways near the 1.22 mark, adding around 100 pips on the day. 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 USD: Adding Another 25bps Cut To Our Fed’s Rate Call – ANZ Yohay Elam 4 years Additional comments from Bank of England Governor Mark Carney continue to cross the wires as testifies before the Treasury Committee as part of the BOE's inflation report hearings. "If you look through underlying trend, our judgement is that economy is growing very weakly, close to zero," Carney said. "Our assessment is that preparations for no-deal that have been put in place since November have reduced the worst-case scenario. Stands to reason that if there were more time to prepare for Brexit, more would be accomplished." Carney further reiterated that in the event of a no-deal it would be likely that… 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.
