Falling pound is helping support economy, says Bank of England deputy governor



The deputy governor of the Bank of England has said the pound's plunge is helping support UK growth, but warned Brexit uncertainty could cause an "insidious" hit to the economy.
In a speech at the Wall Street Journal in London, Ben Broadbent said there was "little doubt" the economy had performed better than surveys initially suggested after the referendum.
The deputy governor for monetary policy said this was likely thanks to the "underlying momentum in domestic demand", a surprisingly resilient housing market, as well as the post-Brexit vote slump in... read more

 
5 October 2016 in Regional East, Views: 30
Source: Belper News
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