Andrew Bailey is a walking market mover. Every time the Governor of the Bank of England opens his mouth, he knows it could impact the cost of UK government borrowing, or the price of sterling, or any number of things. Consequently, his public statements are rarely made off the cuff.
It was therefore intriguing that in his Mansion House speech to investors, Bailey (looking pretty svelte these days, if I may) chose to commit some news. He said that he took "no position on Brexit per se" before going to do exactly that, by encouraging the government to "rebuild relations" with the EU.
