BOE’s Mark Carney is still talking about Brexit scenarios
- Financial sector is the most advanced part of the UK economy in contingency planning
- Household expectations are broadly consistent with a smooth Brexit
- Consumer confidence has held up relatively well but real incomes are hurting
- Businesses have become less confident about a smooth Brexit
The pound is falling further (not so much releated to these comments) and is now under 1.3200 to 1.3192. The US dollar is just starting to find a mild bid too.