Investors Question Severity of Brexit Awaiting U.K.
The Bank of England will this week look at an economy defying the Brexit doomsayers, and try not to read too much into it. After slashing their growth forecasts and cutting interest rates to a record low, Governor Mark Carney and his officials face mounting evidence that Britain is weathering the vote to quit the European Union better than they expected. All economists surveyed by Bloomberg predict the central bank will keep its key rate and asset-purchase target unchanged on Thursday. Aviva Investors Head of Macro Strategy Charles Diebel discusses with Bloomberg's Manus Cranny and Nejra Cehic on "Countdown."