BOE's Carney Says `Let Exchange Rate Do Its Job' on Brexit

The video discusses the UK's floating exchange rate policy and its non-intervention stance for monetary policy purposes. It highlights the economic adjustments due to Brexit, including potential trade shocks and lower relative incomes. The market's reaction to the Brexit referendum is examined, noting the quick adjustment to new economic realities. The video outlines conditions for potential market intervention, emphasizing that it would only occur under extreme circumstances. Finally, it confirms the availability of tools and authority for action if needed.

What is the significance of a floating exchange rate in the context of the United Kingdom's economy?

Discuss the potential economic adjustments that may occur as a result of Brexit.

How did market expectations change during the referendum, and what was the impact on Sterling?

What conditions would lead to the Bank intervening in the market, according to the speaker?

What does the speaker mean by 'never say never' in the context of market intervention?