Boris Johnson has taken a very aggressive approach to Brexit negotiations amid concerns the UK is headed for a no deal Brexit. Are these concerns likely to keep UK base rates and mortgage interest rates at relatively low levels?
The UK is becoming an embarassement over Brexit. I would say a drop in rates would not help sterling which has tanked but I dont think a drop from 0.75% to 0.5% would have any impact whatsoever. There is a much wider picture here.
We are in the bizarre situation where the government of the day is asking for an election while the opposition refused to agree. This turmoil is making the UK look foolish on the continent and could cause untold damage to the reputation of the country. What next?