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Bank of England briefing

Bank of England briefing

Richard Nocton, Partner in our Marlborough office, attended a Bank of England briefing on 14th November 2019 in Swindon, hosted by their Regional Agent Donna Kehoe.

The BoE Monetary Policy Committee are apolitical and are responsible for setting interest rates and regulating the UK Sterling Reserves and Bonds.

Their summary and assumptions of the present market conditions is:

  • There will be a smooth Brexit transition and a deep free trade agreement with the EU
  • That Gross Domestic Product (GDP) will pick up in 2020 and that inflation will fall back to 1 ¼%
  • Most of the Brexit transition will take place within the forecast period

And finally……………..There are £2 billion £20 notes and to replace these there will be a new £20 note issued on 20/2/20

 
Richard Nocton
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Richard Nocton

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