Carney’s speech: Brexit uncertainty is hurting UK's short-term economic performance

Dhwani Mehta FXStreet

More comments are flowing in from the BOE Chief Carney, this time on the Brexit issue.

Cannot have no-deal Brexit and benefit from GATT 24, need some form of agreement with the EU.

Need to have a credible intention to move to free trade agreement with the EU to benefit from GATT 24 after Brexit.

There has been a "notable increase" in market expectations of no-deal Brexit in recent months.

Business uncertainty is as high as it was before March 29 Brexit deadline.

Brexit uncertainty is hurting UK's short-term economic performance.

Housing market has been affected by Brexit deadlines.

Markets are not saying no-deal is most likely Brexit scenario.

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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