BoE says no-deal Brexit now unlikely
Bank of England ends additional liquidity supervision after passage of withdrawal agreement
The Bank of England is ending its “enhanced monitoring” of liquidity risks at systemic banks and major investment firms, after the UK parliament passed legislation confirming a Brexit deal on January 22.
The bill must still receive royal assent, the final stage of its passage, but it is now almost certain to become law. As the legislation confirms the UK will abide by its withdrawal agreement with the European Union, the BoE says the risk of a no-deal Brexit “now appears very low”.
As such
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