Am I reading this wrong or does this just say that the uncertainty before the referendum didn't result in sharp economic downturn, with there not yet being sufficient recent data to judge the reaction to the actual Brexit vote?
Wow, rereading that quote from the Telegraph just made me clock how poorly written it is. It seems to contradict itself literally within two sentences.
EDIT: I think it means strong labour market data
before the referendum, and the BoE saying it sees no sharp downturn
after the referendum, are both at play.