Rolling coverage of the latest economic and financial news

• Bank of England governor says Brexit has undermined UK economy

We’ve also learned overnight that Japan’s economy slowed over the summer.

Japan’s GDP rose by just over 0.2% in July-September, according to new government data that shows the economy grew at an annualised rate of 0.9% in Q3.

“It underlines why we must be alert to and welcome opportunities to rebuild relations while respecting the decision of the British people.”