BoE: Financial stability Outlook in the UK had deteriorated - Rabobank

Piotr Matys, EM FX Strategist at Rabobank, suggests that the BoE yesterday reported that the outlook for financial stability in the UK had deteriorated since November and referred to a period of “heightened and prolonged uncertainty”.

Key Quotes

“Repeating the sentiments of BoE Governor Carney earlier this month, the BoE’s Financial Policy Committee said that the most significant domestic risks were connected to the referendum on EU membership.”