BOE deputy governor, Ben Broadbent, spoke in an interview (published today) with the Press Association
- Doesn't know which way rates would go in case of a messy no-deal Brexit
- Says hasn't decided whether to apply to succeed Carney as BOE governor
- Delay in Brexit deadline to October will have a negative impact on investment
- Says investment already feeling the consequences of uncertainty
- If Brexit deal is struck, there could be quite a strong rebound in investment
Nothing out of the ordinary here from Broadbent. But it continues to show you where exactly does the central bank stand right now, as their hands continue to be tied due to the Brexit saga. Only until that clears up will we see the BOE being able to be afforded some flexibility with their monetary policy decisions.
Cable is near flat on the day at 1.3000 now, as the dollar is also holding steady at the start of European trading so far.
