BOE's Woods says he puts a "huge premium" on UK/EU sorting out transition deal by end-March

BOE dep gov for PRA Sam Woods out on the wires 27 Feb

End-March ? Wow, such optimism.

  • pretty much up to speed with Brexit contingency plans for insurers
  • top priority is to avoid chaos in insurance market

Woods has been making a scheduled speech to UK insurers and has not touched on mon pol. Hats off to his script writers though for the industry-punned headline.

Full speech fwiw ( and if you're having trouble sleeping) here.

Meanwhile GBPUSD looking soggy again and retreating from 1.3985 to 1.3955 with large options at 1.4000 in play as per my earlier post.

investingLive Premium
Telegram Community
Gain Access