BoE Governor Mark Carney noted that volatility of Pound’s exchange rate is now at “emerging market levels” and has “decoupled from other advanced economy pairs for obvious reasons”. Also, he warned that “a variety of other indicators show financial markets are going to move substantially in one way or another depending on the outcome of” Brexit.

Carney also said yield curve inversion is not a “vote of confidence in the economic outlook. Both yield curves in US and UK have inverted for a while.


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