BOE’s Saunders: A no-deal Brexit would push the Pound lower, Cable hits session lows

Dhwani Mehta FXStreet

The Bank of England (BOE) Monetary Policy Committee (MPC) member Saunders is on the wires now, via Bloomberg, noting that the central bank isn't bound by forecasts calling for rate hikes.

Further Comments:

UK economy is weak and clearly not overheating.

BOE can't stop a no-deal Brexit from being 'painful'.

A no-deal Brexit would push the Pound lower.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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