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Carney speech: Worst-case Brexit scenarios now less severe than 2018
Wednesday, 4 September 2019 20:51 WIB | FISCAL & MONETARY |Mark Carney,UK Inflation

While testifying before the Treasury Committee as part of the Bank of England (BOE) inflation report hearings, Governor Mark Carney said that their worst-case Brexit scenario was less severe than last year's forecast and added that the worst-case Brexit outcome was now expected to cause a 5.5% drop in the real gross domestic product (GDP) compared to 8% previously estimated.

The GBP/USD pair largely ignored Carney's comments and is now consolidating its daily gains a little below the 1.22 handle, still adding around 100 pips on the day.

Source : FXstreet

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