Brexit is so close now (or is it?), that I will refrain from any specific comment on this subject given that the landscape will no doubt have changed once you read this.
Suffice to say, Bank of England governor Mark Carney has changed his tune on interest rates regarding a potential no-deal Brexit. Not long ago, he was predicting all sorts of doom suggesting rates will have to be cut to support the economy. However, he has recently reversed his position, suggesting that in fact rates may need to increase to combat rising inflation. This is predicated by perceived supply problems in goods and services from the EU, compounded
by the potential for a weaker pound pushing up import prices.
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For more information, please contact Ian MacFarlane, Director at JCRA on 0207 493 3310, or email Ian.MacFarlane@jcrauk.com.