BOE reiterates that Brexit poses material risk to disruption to financial services

BOE publishes its record of the 19 June Financial Policy Committee meeting

  • Some members noted considerations that may challenge adequacy of 1% counter-cyclical buffer rate
  • Domestic risks besides Brexit remain standard overall
  • Some emerging markets are at risk from tighter dollar funding

As highlighted in the preview, not a report that has any bearings on monetary policy. Doesn't contain much that will have a significant impact on sterling sentiment.

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