BOE comments in its latest FPC statement
- Need is pressing for authorities to complete mitigating actions against risk of hard Brexit
- Keeps countercyclical buffer rate at 1%, next review on 28 November
- Concerned by rapid growth of leveraged lending to UK firms
- Risks to UK from global vulnerabilities remain material
As mentioned in the preview, this pertains more to financial risks and not much on monetary policy. The full report can be found here. Nothing much here to change the current outlook for the pound - which still depends most on Brexit negotiations.
GBP/USD currently at 1.3056 near the lows for the day. EUR/GBP at 0.8787, more or less flat. GBP/JPY now at 147.72 near the lows as well.
