Facing facts

Good afternoon. Here's what you need to know to end your day.

Central banks to the fore. The Bank of England said the risks of a no-deal Brexit have increased and warned such an outcome may slam the pound, government bonds and house prices. The bank's Financial Stability Report also contained some good news—the U.K.'s big banks have the strength to survive a global trade war colliding with a disorderly Brexit. On a more personal note, outgoing Governor Mark Carney didn't rule out an interest in leading the International Monetary Fund.