Money Minute Monday 27 January: Brexit and interest rates

Britain leaves the EU this week, and both the Bank of England and the US Federal Reserve decide on interest rates.

This week, on Friday, Britain officially leaves the European Union. We then move to a transition period during which Britain and the EU will attempt to finalise their future relationship. Currently, the deadline for finalising that deal is the end of this year. So while this may be the end of the beginning for Brexit, it won’t be falling out of the headlines just yet.

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