BOE Haskel speaking.
- at least for the next few years the prospect of low business investment in UK seems possible
- it is conceivable that the UK will require more time than the 21 months for Brexit transition
- investors also need to know the future trade relationship that we strike with EU, that is far from certain
- longer-term question is whether investment will eventually bounce back after Brexit uncertainty is resolved
Haskel is not speaking too confidently about the UK economic prospects given Brexit.
The GBPUSD is little effected by his comments.
In other Brexit news it is being speculated that PM May might go to Strasbourg later on Monday for more Brexit talks/negotiations.
