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LONDON (Alliance News) - London's large cap housebuilders were under selling pressure on Friday after Bank of England Governor Mark Carney warned a tumultuous 'no-deal' Brexit could crash house prices and trigger a financial shock through the economy, the BBC reported.
According to the BBC, Carney met with senior government ministers on Thursday to discuss the risks of a disorderly exit from the European Union.
The governor's worst-case scenario was that house prices could fall as much as 35% over three years, a source told the BBC.
Ahead, Carney will give the annual Whitaker lecture at the Irish central bank, in Dublin, at 1100 BST.
FTSE 100-listed Barratt Developments was down 1.2%, Taylor Wimpey, down 1.0%, Berkeley Group, down 0.2% and Persimmon, down 0.2%.
https://www.bbc.co.uk/news/business-45516678
