BOE’s Broadbent: BOE will reflect in November on what the news since August implies

Bank of England (BOE) board member Broadbent was on the wires last hour, via Reuters, commenting on the UK economic outlook.

Key Headlines:

There's little doubt the economy has performed somewhat more strongly that BOE's short-term forecasts

BOE won't over-interpret the incoming data

The impact on the housing market of greater Brexit uncertainty may take longer to come through

Economy has been helped by domestic demand momentum and quick support from a weaker pound

One should rush to a judgement about reasons for only a moderate slowing of the economy

BOE will reflect in November on what the news since August implies, if anything, for medium-term outlook

Effect of uncertainty about UK's future trade relationships on investment likely to be insidious rather than sudden