How Will Brexit Vote Impact Carney's Rate Decision?
It’s the most hotly anticipated Bank of England decision since, well, three weeks ago. Back then officials surprised investors by keeping rates unchanged and signaled they’d instead loosen this month. It’s clear that markets have high expectations, with traders pricing in a 100 percent probability of a rate cut. Speculation that more stimulus is coming has pushed five-year, 10-year and 30-year gilt yields to record lows in recent weeks. And even though the pound has already fallen about 10 percent against the dollar since the Brexit vote, investors are still downbeat on sterling. Societe Generale Chief U.K. Economist Brian Hilliard discusses with Bloomberg's Francine Lacqua on "The Pulse."
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WPP CEO Says Brexit Uncertainty Is Difficult for Business
09:12 - Former Bank of England Governor Mervyn King and Sir Martin Sorrell, chief executive officer at WPP Plc, discuss the Brexit endgame and how U.K. businesses are being impacted by negotiations. They speak with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)