Exporters’ ‘sweet spot’ unlikely to be enjoyed for long, says BoE’s Broadbent

Sterling rate falls
Sterling has fallen almost 15% against the dollar since the UK referendum

A deputy governor of the Bank of England (BoE) believes the “sweet spot” exporters have enjoyed since sterling depreciated in the wake of the EU referendum is unlikely to last.

Speaking at the London School of Economics today (March 23), Ben Broadbent said exporters were reaping the benefits of “higher prices and profits” as trading rules and costs remained “unchanged”.

“The depreciation reflects beliefs about a change in the UK’s future trading arrangements, but it’s acting on an economy

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