UK Times article
Governor Carney briefed the UK Cabinet today saying:
- House prices would plummet in no-Brexit
- speculates that house prices would fall by 35% over 3 years
- spiraling mortgage rates would crash the housing market
- structural change to the UK economy would mean looser monetary policy would only pump up inflation further
https://www.thetimes.co.uk/edition/news/house-prices-would-plummet-in-no-deal-brexit-says-carney-csgr9j0hj
There is little impact in the GBPUSD.
