Chances of Disorderly Brexit Reduced According to BoE

Last week’s breakthrough in Brexit talks has reduced the risk of Britain leaving the European Union in a disorderly way and may boost economic confidence, the Bank of England said on Thursday after it left interest rates unchanged.BoE policymakers voted unanimously to keep rates at 0.5 percent as expected, a month after raising them for the first time in more than a decade.Domestic economic data suggested the economy might be slowing slightly into the end of the year, but finance minister Philip Hammond’s annual budget in November should modestly boost growth over the next few years, and Brexit talks appeared to be moving forward, the BoE said.

Source: Bank of England says risk of disorderly Brexit reduced by progress in talks – Reuters

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