- Wednesday, 19 July 2017
- News
Pound Traders set Brexit bets
What will Brexit look like in three months’ time? Pound traders are trying to figure it out. Wednesday marks three months until a key European leaders meeting that could shape the final divorce. That means benchmark three-month sterling volatility will start to cover the Oct. 19-20 summit for the first time. Traders need to gauge how a German election, three months of talks and political feuds in the U.K. will change the Brexit outloo
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- Tuesday, 11 July 2017
- News
A Bank of England rate-setter summed up the biggest economic risk from Brexit in a single sentence
Ben Broadbent, the Bank of England's deputy governor for monetary policy, and of its most important policymakers, summed up in one sentence the risks to the economy posed by Brexit. Speaking on a regional visit to the Scottish city of Aberdeen, Broadbent argued that should Brexit lead to a "significant curtailment" of Britain and the EU's trading relationship, both parties would see significant damage. Britain, however, would be much worse off. Read more...
- Tuesday, 27 June 2017
- News
BoE ready for all Brexit scenarios
The Bank of England is preparing itself for the worst when it comes to Brexit. Mark Carney said on Tuesday that the central bank is putting contingencies in place for the possibility that Britain drops out of the European Union without any deal in just under two years time. Speaking after the bank released its twice-annual Financial Stability Report, Carney told reporters that the bank is - sensibly enough - making plans for all possible Brexit scenarios "however unlikely" to ensure it is as prepared as it can be for the country's departure from the EU, and the impact it may have on financial stability.
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- Thursday, 22 June 2017
- News
U.K. economy could come under pressure
After holding up impressively well in the immediate aftermath of the June 2016 Brexit referendum, the U.K. economy is coming under pressure. Economic growth has slowed notably, wages are stagnating and inflation has marched up toward 3 percent, the highest among the major advanced economies. With this combination in play, it is just a matter of time until the (up-to-now solid) “soft” indicators, including business and household confidence, come under pressure.
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