Carney: Brexit will limit the expansionary policy of BoE

Last week, we witnessed an interesting phenomenon - the British Central Bank raised interest rates for the first time in nearly a decade, and the British currency collapsed against other major currencies.
Contrary to logic, as the interest rate rises the national currency, the depreciation of the pound is explained by the expectation that the ECB will not raise interest soon.
A testimony of this was given by Mark Carney's last statement. The head of the central bank said in a special interview that Bexit's uncertainty could actually hurt the British economy in the short term and thus curb the central bank's ability to further raise interest rates.
Carney also warned that Britain's most affected by the interest rate hike would be mortgage lending for the purchase of property. This is very likely to make property in the UK even more inaccessible.
Brexit is only 508 days away, but for most businesses their alarms are set for much earlier, according to market observers. About 10% of British businesses are already slowly starting to reposition their businesses and move their workforce outside of the UK.