The Governor of the Bank of England: ‘The effects of a ‘no deal’ Brexit will be similar to those of the banking crisis, a deep recession and a sharp drop in house prices’. He’s one of those experts, of course, of whom we’ve all had enough in this country. Therefore, in the interests of balance, Jacob Rees-Mogg: ‘It will mean the UK is completely free of EU red tape and regulations and can strike trade deals around the world”. So there we are.
“Do not expect America’s interest rates to fall just yet”
As rehearsed many times on these pages, the next move onwards and upwards for your investments depends largely on the decisions of various bankers and economists in what would once have been ‘smoke-filled rooms’.