Pound euro exchange rate eases as Bank of England warns of a no-deal Brexit recession

The pound euro exchange rate dipped this morning, leaving the pair fluctuating around €1.092 after yesterday’s warning from the Bank of England about a possible no-deal Brexit recession in October. BoE Governor Mark Carney said yesterday that leaving the EU without a deal would bring an “instant shock” to the British economy, and could potentially see the pound fall to a 34-year low.

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