Pound fell to 11-day low due to BoE concern

Today, the Bank of England Governor Mark Carney has completed what he did not finish yesterday - expressed obvious concern about Brexit without an agreement.
Carney said in an interview with BBC Radio that the possibility of Brexit without an agreement is inconveniently high.
According to him, it is absolutely in the interests of the UK and the EU to have a transitional agreement, Brexit without an agreement is highly undesirable. This Brexit is likely to mean higher prices over a period of time.
After these comments, the pound sterling fell to an 11-day low.
On Thursday the Bank of England raised interest rates, but at a subsequent press conference, Mark Carney said that there are signs of a softening of business confidence. He also noted that the negotiations between Great Britain and the EU are in a critical phase. All this contributed to the fall of the pound. In addition, as The Guardian, the pound fell against the backdrop of Carney's phrase that monetary policy should walk, and not run, to stay in place, as the natural level of interest rates is slowly rising.
Officials of the Bank of England's committee yesterday also said that to restrain consumer inflation, there will be a constant tightening, but based on futures on central bank funds, investors do not expect a further rate hike until next year.

The UK economy with the weakest growth in five years

The first quarter was extremely negative for the British economy. Throughout it, it has seen its slightest rise in five years, data showed on Monday.
This led to strong fall for the pound against all major currencies.
The UK economy has risen by 0.1%, or at least since the fourth quarter of 2012. The result was well below the average expectations of growth.
The slowdown in construction costs was to a large extent the basis of poor performance. The unconditionally low temperatures and snow in the country since last month have largely contributed to this.
Our initial forecasts for the British economy show that Britain's economy has been rising at its weakest pace in over five years, with a weaker presence in the industry, said Rob Kent-Smith, official government official. And while the snow was partly responsible for this, especially in the construction sector, it was partially offset by increased electricity and online sales, the expert added.
The pound fell sharply against the dollar, losing 0.8 percent of its value to $1.3805 on Monday, or its lowest value since March 9. Investors raised their bets that the British Central Bank would not be able to raise interest rates soon.

The British economy grew in the third quarter

In the third quarter the UK economy slowed its growth much more restrained than expected, despite the initial shock caused by the vote of the British people to leave the EU at the end of June. These are the final data of the official British statistics ONS.
Gross domestic product in the UK expanded during the period from July to September by 0.6% compared to the second quarter, when it was recorded growth by 0.7%, while the previous assessment of ONS was for growth by 0.5% in the third quarter.
On an annual basis UK GDP grew by 2.2%, but with previous estimate of an increase by 2.3 percent after growth by 2.1% recorded in the previous quarter.
British statistics noted that the economy has been supported largely by consumer spending which offset the weak performance of exports, analysts say. British exports fell by 2.6% after falling by 1.0% in the second quarter, while imports grew in the third quarter by 1.4% after rising by 1.3% in the three months by the end of June. Meanwhile, business investment growth slowed from 1.0% to 0.4%, agricultural production declined by 0.7% and industrial production - by 0.8%. The services sector grew by 1.0% q/q with previous estimate for an increase by 0.8%, while construction shrank by 0.8%, not by 1.1%, as were previous estimates of ONS.