BoE's Vlieghe: Likely to keep policy on hold or ease after no-deal Brexit

The BoE Governor Mark Carney, testifying before parliament's Treasury Committee this Tuesday, said that we aren't seeing any liquidity stress in the market but stand ready to provide liquidity in all major currencies. 

Adding to this, the BoE MPC member Gertjan Vlieghe said that the direction of rate moves after non-deal Brexit will be a trade-off between supporting the economy and stopping temporary inflation overshoot. After a no-deal Brexit, likely to keep policy on hold or ease, Vlieghe added further.

Meanwhile, the GBP/USD pair continued scaling higher and might now eye a follow-through momentum beyond the 1.3200 handle, towards challenging YTD tops.