Carney Speech: Whatever happens on Brexit, BoE will be nimble enough to control inflation
|The Bank of England Governor Mark Carney and other MPC members including Ben Broadbent, and Jon Cunliffe are speaking at a BoE sponsored event titled 'Future Forum 2017,' with key quotes, via LiveSquawk, found below.
Carney: There are risks of the way we leave the EU.
Carney: Whatever happens on Brexit, BoE will be nimble enough to control inflation while supporting economy.
Carney: Households acting more in response to current wages squeeze than fears about Brexit outcome.
Cunliffe: Anger about financial system after last crisis is well justified.
Cunliffe: Will have to take action as impact of Brexit becomes clearer to ensure people don't need to worry about inflation.
Key notes
GBP/USD bulls struggling to make it through 1.3200 handle.
The British Pound held onto UK retail sales-led modest gains and pushed the GBP/USD pair back closer to the 1.3200 handle.
GBP futures: up move lacks conviction.
In light of advanced data from GBP futures markets from CME Group, investors trimmed their open interest positions by almost 2.4K contracts on Wednesday vs. Tuesday’s 177,130 contracts. In addition, volume increased by nearly 8K contracts, recording the third consecutive raise.
About Mark Carney
Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.
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