More on the BOE warning UK banks to step up plans for a no-deal Brexit

Author: Eamonn Sheridan | Category: News

Worrisome news overnight with City sources say the Bank of England governor Andrew Bailey has told banks to step up plans for the UK to leave the EU without a trade deal"

As a follow up, more from Reuters :
  • "As we have said previously, the possibility that negotiations between the UK and EU over a future trading relationship might not conclude in a deal is one of a number of outcomes that UK banks need to prepare for over the coming months," the BoE said.
Brexit trade deal talks are taking place this week, a statement from the talks, or perhaps a news conference, is expected on Friday. I've been posting on that to expect, what the ruimours are, from the talks in past days. 

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