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- BOE) policymaker Saunders: BoE's next move could 'quite plausibly' be a cut even if no-deal Brexit is avoided
BOE) policymaker Saunders: BoE's next move could 'quite plausibly' be a cut even if no-deal Brexit is avoided
Rates could go either way after Brexit
Brexit uncertainties are a slow puncture for the UK economy
The UK economy has weakened markedly, opening up modest amount of spare capacity.
Persistently high Brexit uncertainty now looks most likely outcome for the UK, even without a no-deal Brexit.
Risks to global economy are tilted towards further disappointment.
Limited and gradual rate rises needed if global growth recovers and Brexit uncertainty falls significantly.
Cost of changing policy course if Brexit outcomes change is probably quite low.
Deferring monetary policy changes until after Brexit outcomes clear could lead to inappropriate policy.
GBP falls on dovish remarks from Saunders, sending GBP/USD back below the 1.23 handle.
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