BoE deputy governor Ben Broadbent warns that Britain and EU would suffer lower exports, and higher prices, if trade links are weakened
- Latest: Broadbent on Britain’s ‘comparative advantage’
- Britain would face lower quality, higher prices if EU trade curtailed
- No mention of interest rates
Earlier:
Ben Broadbent has also brushed up his grasp of the UK economy by visiting a Scotch whisky distillery.
Thanks to @gordon_macphail for hosting Deputy Governor Ben Broadbent @Benromach today, interesting discussion on business conditions pic.twitter.com/aSaw03rPgU
The pound has also shed its early gains against the euro, falling back to 88.5p, from 88.25p.
Broadbent doesn’t echo recent hawkish #BoE talk, as he doesn’t mentions monetary policy at all – #EURGBP moves higher pic.twitter.com/RsH3CrszNP