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With the Bank of England’s announcement now out of the way and no hike expected anytime soon, UK focus is likely to come back to domestic policy, suggests the research team at ANZ.
Key Quotes
“With a number of key events (namely, the release of 58 ‘secret studies’ on Brexit’s economic impact; accusations of inappropriate behaviour against a number of Tory lawmakers) set to push uncertainty higher and keep the GBP under pressure. The EU-UK negotiations will also resume, but hopes for progress remain thin at this stage, with only three full rounds of talks pencilled in before the EU summit in December.”