Pound Strengthens as BOE Confounds Rate-Cut Vote Speculation

Updated on
  • Sterling rebounds even as BOE warns of sharp fall on Brexit
  • BOE issues strongest yet warning on EU vote dangers to growth

Could Brexit Spark a Recession?

The pound won a reprieve as Bank of England policy makers led by Governor Mark Carney kept interest rates on hold, even as they warned of a “sharp” decline in the currency and deterioration in the economic outlook if Britain votes to leave the European Union next month.

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