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Potential effects of sterling depreciation following Brexit

27 April 2016

Rt Hon. Andrew Tyrie MP, Chairman of the Treasury Committee, publishes a letter from the Governor of the Bank of England, responding to a question from Rachel Reeves MP asking for the Bank's analysis of the potential effects of a sharp depreciation in sterling resulting from a vote to leave the European Union.

Chair's comments

Commenting on the correspondence, Mr Tyrie said:

"The Bank of England's letter has provided an analysis of one possible economic outcome of a vote to leave the European Union. The Treasury Committee has been conducting a wide-ranging inquiry into the economic and financial costs and benefits of the UK's EU membership. It will scrutinise the Bank's letter closely."

Further information

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