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Bexit fears to worsen UK account deficit - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at UOB Group explained that BOE Governor Mark Carney on Tuesday (26 Jan) said Brexit fears could pose current account deficit risk.

    Key Quotes:

    "He blamed the Fed rate rise in December contributed to market turmoil. He sensed that there is solid growth at the core of advanced economies but he believed that conditions for rate rise in UK are not yet in place. As for his tenure in the BOE, Carney said it would be decided by end 2016 if his term would be extended."
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