theratman
Honorary Master
Found this from the bank of England interesting.
"Despite the bank’s continued assumption of Britain’s orderly departure from the EU, the Inflation Report showed that the probability of recession has risen in its view. The BoE sees a 30 per cent chance that growth in the year to the first quarter of 2020 will turn out negative.
If there is a no-deal Brexit, the pound will fall, inflation rise and GDP growth will slow, the bank forecast, reiterating its previous message that it could move interest rates up or down, depending on the balance of the various effects of such an outcome"
https://www.independent.co.uk/news/...nk-england-interest-rate-latest-a9030506.html
"Despite the bank’s continued assumption of Britain’s orderly departure from the EU, the Inflation Report showed that the probability of recession has risen in its view. The BoE sees a 30 per cent chance that growth in the year to the first quarter of 2020 will turn out negative.
If there is a no-deal Brexit, the pound will fall, inflation rise and GDP growth will slow, the bank forecast, reiterating its previous message that it could move interest rates up or down, depending on the balance of the various effects of such an outcome"
https://www.independent.co.uk/news/...nk-england-interest-rate-latest-a9030506.html