Izzy nobre bitcoin value, this had a limited impact on economic statistics. Inflation did not jump as a result of the rise in the pound. In July, as in August, it was 0.
1 points more than before the referendum in June. This is explained by experts by the slowdown in the fall in world energy prices accelerated by the fall of the pound. The National Statistical Office of the United Kingdom expects prices to accelerate in the first part of 2017 by passing on this increase to consumers. But the United Kingdom, like the rest of the world, must also fight with deflationary tendencies, which can lead to more inflation. Is a Monetary Crisis on Cards for Britain? Even though the June 23 vote did not cause an immediate monetary crisis in the UK, this does not mean, however, that there is no risk of a crisis in the future.
Ben Broadbent, the Deputy Governor for Monetary Policy at the Bank of England, said that if monetary depreciation were to accelerate further, the central bank would have to intervene and raise rates to prevent capital flight. In the event of a sharp fall in the pound, the fall in asset prices will lead to a massive repatriation of capital. This is the real danger for the UK and it is linked to Brexit. Prime Minister Theresa May in January 2017 happens, the loss of access to the single market may lead to relocations in the EU of certain activities such as banks.