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Bank of England Guv warns of "uncomfortably high" risk of no-deal Brexit

Although such a "highly undesirable" scenario was unlikely, it was still a possibility and Britain and the EU should do all they can to avoid it, Carney said.


Reuters Last Updated at 03 Aug 2018, 13:08 IST United Kingdom
Bank of England Guv warns of "uncomfortably high" risk of no-deal Brexit
  • Bank of England Governor Mark Carney warned on Friday there is an "uncomfortably high" risk that Britain leaves the European Union with no deal. (Image Credit: Twitter)

Bank of England Governor Mark Carney warned on Friday there is an "uncomfortably high" risk that Britain leaves the European Union with no deal.

Although such a "highly undesirable" scenario was unlikely, it was still a possibility and Britain and the EU should do all they can to avoid it, Carney said.

"I think the possibility of a no deal is uncomfortably high at this point," Carney said in an interview with BBC radio.

Sterling fell to an 11-day low against the dollar on the comments.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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