The possibility of a no-deal Brexit is "uncomfortably high" the Governor of the Bank of England Mark Carney told the BBC on Friday morning.
Although the possibility is still unlikely, Carney reiterated that it was in the interest of the EU and UK to secure a transitional deal.
Managing bad news
The pound’s exchange rate reacted negatively to Mr. Carney’s statement.
But, this was not the only piece of bad news to make the headlines. The key services confidence indicator IHS Markit/CIPS UK Ser...
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