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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

BOE’s Carney Reversed Warnings on Brexit Danger to UK

January, 12 2017
watermark Economic news

Brexit poses no risk at all towards the UK economy, BOE’s Governor Mark Carney told the Members of Parliament. The governor confirmed the perils about the Bank’s decision to leave the European Union were already reduced. However, the likelihood of risk is considered to be “elevated” since the danger weigh more within the continent of Europe than the UK.

Carney also mentioned there is a need to undertake the transition period and further marked it as  "highly advisable". Failure to carry out the stage for transition will bear consequences by which this major changes will be the support in alleviating the possible fallout.

The Canadian economist said the country should focus on stabilizing the access in financial services industry as Brexit took place eventually. The financial market is subjected to endure extreme consequences in case it  lose some of its elements.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.