Bank boss Bailey bullish 'bout Brexit breakthrough

Speaking to Britain's Yorkshire Post on Thursday, Bank of England Governor Andrew Bailey said he believed Britain and the EU should be able to reach agreement on a trade deal.

“I do think it is in the interests of both sides - let’s be blunt - to get an agreement,” he said in an interview with the Yorkshire Post newspaper published on Thursday.

“I’m surprised that the EU wants to restrict where their citizens can do business. We will certainly keep our markets open to the world."

Bailey, at the helm of the BoE since March of this year, stated that while he would like to see Britain and the EU retain equivalent standards in financial services regulation, it would be wrong for Britain to continue to follow EU rules it had no control over.

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