Pound Will Cushion U.K. From Brexit Shock, BOE’s Broadbent Says

  • Flexible currency is important shock absorber, Broadbent says
  • Sees inflation rate rising ‘somewhat’ above 2% target

Brexit Hits Main Street as U.K. Feels Pound's Pain

Bank of England Deputy Governor Ben Broadbent said the pound’s slump since the U.K. vote to quit the European Union will help the economy overcome shocks from the decision.

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