BoE's Broadbent: Doesn't know which way rates would go in case of a messy no-deal Brexit

Haresh Menghani FXStreet

The BoE Deputy Governor, Ben Broadbent, in an interview with the Press Association published this Monday, said that a delay in Brexit deadline to October will have a negative impact on investments.

Key quotes:

• Investment already feeling the consequences of uncertainty.
• If Brexit deal is struck, there could be quite a strong rebound in investment.
• Doesn't know which way rates would go in case of a messy no-deal Brexit.
• Reiterates that any BOE rate hikes will be gradual.
• Haven't decided whether to apply to succeed Carney as BoE Governor.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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