Mervyn King: Brexit puts UK in better position to rebalance economy
Sterling's weak performance in the wake of June's Brexit vote could allow the UK to re-balance its economy, according to Mervyn King, as he described forecasts of a materially weaker UK as a result of Brexit as "highly speculative".
The former governor of the Bank of England (pictured) told Central Banking magazine that sterling's 9% collapse since the Brexit vote could lead to a rebalancing of the economy from consumer spending to...
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