GBP pressured following FSR & Fox – Video Analysis

Pound pressured following FSR & Fox – The BoE presented its latest financial stability report, using its conclusions to demand an extra GBP 6 bln buffer from banks while calling for the UK and EU to introduce new legislation to avoid a post-Brexit crisis in derivatives and insurance markets. Governor Carney emphasized that UK banks could handle a hard Brexit scenario, he also said it would result in a lower pound and a weaker economy, and that there would be significant risks if a disorderly Brexit came amid a wider downturn in the global economy

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Stuart Cowell

Senior Market Analyst


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