UK consumers behaved like Brexit never happened says Haldane

More form BOE's Andy Haldane

  • Effect of heavy drop in FX rate is beginning to trickle through to UK prices

  • It is likely that higher inflation will lead to a slowing in consumer spending but that's not inevitable

  • Strength of UK stock market may reflect signs of a rebalancing of economic policy not monetary policy

This period is between the vote and art50 triggering is possibly the calm before the storm but as I've mentioned many times before, life will go on, in or out of Europe.

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