Further comments by BOE board member Ben Broadbent
- Thinks reaching a Brexit deal is still the most likely outcome
- Says a fair amount of (business) uncertainty would disappear with a Brexit deal
- Surveys of business investment are as important as the official data - which lags
- Either having a Brexit deal or not is not definitive in terms of setting interest rates
- Sterling presumably would be stronger in the event of a good Brexit deal
- If UK leaves without a deal, likely currency would fall
Although Broadbent is saying that a Brexit deal outcome could mean rates going up or down, it's more of the case a Brexit deal would allow them to keep with the current pace of "gradual and limited" rate hikes. Nothing too new in his other comments here really.
