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.

Ryan Littlestone

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