Election eases Brexit handbrake but doesn’t release it

While the majority secured by the Conservatives in the election clears the path to a Brexit deal being passed by 31^st January and fiscal policy being loosened in a Budget in February, the resulting boost to the economy will be restrained by the risk that there could be something like a “no deal” at the end of next year. That will prevent interest rates from being raised next year and keep the pound close to $1.35.