'The falling pound is helping Britain's economy and stimulating investment,' Bank of England claims



Bank of England deputy governor Ben Broadbent claims the weakening value of the pound is aiding Britain's economic growth.
At a speech in London hosted by the Wall Street Journal, Broadbent said sterling's depreciation had 'supported the economy' by stimulating investment activity.
The Bank policymaker said there was 'little doubt' the country's economy had fared better than many analyst surveys expected after June's Brexit vote.
Broadbent said the fall in the exchange rate helped support activity, 'cushioning the impact of greater uncertainty.'
He added: 'While that was expected, the... read more

 
5 October 2016 in Business, Views: 38
Source: Daily Mail
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