BOE gov Carney back in the spotlight at the TSC testimony 15 Nov
- market view is more downbeat than consumer view
- at some point that difference will have to be resolved
- Brexit affecting investment for about 45% of firms surveyed by BOE
- usually there is a 4-7 year transition period between agreeing and fully implementing trade deals
- too early for companies/banks/insurers to make contingency plans
- planning makes sense but action right now is precipitous
Meanwhile GBPUSD back to 1.2413 as EURGBP drifts back to 0.8680
