Further comments by BOE governor, Mark Carney

  • Expectations of a no-deal Brexit have risen, thus affecting the economy
  • But markets are not saying that no-deal is the most likely Brexit scenario
  • Business uncertainty is as high as it was before the 29 March deadline
  • Housing market has been affected by Brexit deadlines

You can't talk about the BOE without talking about Brexit these days and Carney's remarks here solidifies that notion. As long as Brexit uncertainty continues to reign, the central bank will have no choice but to stay on the sidelines until there is more clarity.