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BOE's Carney says UK banks have post-Brexit contingency plans at varying stages of readiness

BOE gov Carney still in full flow at the House of Lords 25 Oct

  • different banks have different tolerance levels
  • some banks will be able to activate contingency plans over next year if they see fit

Lots of conjecture recently about UK banks relocating and Carney rightly being asked his thoughts.

GBPUSD at 1.2150 still staging a correction from its earlier lows. Bulls will be happy/releived the 1.2080 level held but bears will still be lurking in the rallies.

EURGBP still holding above 0.8950 after its dip from 0.8980 while EURUSD holds the 1.0850 barrier option support I was banging on about earlier and now 1.0890.

My work here is done. I hope the info/posts made/saved you a few pips. I'm back to my usual early slot tomorrow so see you all back here then.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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