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"Hard Brexit" would deliver GBP 135bln annual boost to UK economy

BBC carried a report from pro-Brexit Economists for Free Trade on Sunday, citing that removal all trade tariffs and barriers would help generate an annual GBP 135bn uplift to the UK economy.

Key Points:

Prof Patrick Minford, lead author of a report from Economists for Free Trade, noted: "Hard" Brexit is "economically much superior to soft"

Eliminating tariffs, either within free trade deals or unilaterally, would deliver huge gains

GBP/USD remains capped below 1.2900 ahead of a Big week

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USD: Jackson Hole Symposium to mark the end of the lull - BBH

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