There are signs the UK economy is weakening after Brexit. A cut in interest rates by the Bank of England was expected by some economists fearing a recession. A timely interest rate cut would make credit more affordable, help boost the economy and pre-empt a recession.
But Goldman Sachs banker and Bank of England chief Mark Carney decided to keep interest rates at 0.5% today after teasing markets about a cut. Carney says there is not enough data yet.
When will the UK switch over to sovereign money?