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Carney - BOE engaged in contingency plans for Brexit

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    BOE’s Carney assured lawmakers that the bank has been engaged in drawing out contingency plans in case Britain decides to exit EU.

    Key Quotes

    Recent fall in GBP consistent with purchase of downside protection around EU referendum date but dangerous to interpret short term moves

    Element of referendum premium has come into GBP

    Economy/households could still face bigger shocks, particularly from abroad
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