BoE's Broadbent: Thinks reaching a Brexit deal is still the most likely outcome
Adding to his earlier comments, the BoE Deputy Governor Ben Broadbent was further noted saying that Brexit transition period is most crucial for central bank outlook.
Additional quotes:
• Thinks reaching a Brexit deal is still the most likely outcome.
• A fair amount of uncertainty would disappear with a Brexit transition deal, some investment would come back.
• Surveys of business investment are as important as the official data - which comes out with a lag.
• Either having a Brexit deal or not, is not definitive in terms of setting interest rates.
• The Brexit outcome could mean rates go up or down.
• Sterling presumably would be stronger in the event of a good Brexit deal.
• If we leave without a deal, likely the currency would fall.