BOE’s Carney: Brexit will be a big test

Dhwani Mehta FXStreet

More comments flowing in from the BOE Chief Carney, as he continues to speak at Mansion house.

Key Points:

"It will not be enough for the G20 to "resist protectionism."

The G20 now needs to make "trade work for all."

That includes using e-commerce platforms to promote free trade for SMEs across the G20,21 and it requires an urgent and critical examination of trade in services"

Higher global growth needs a new approach

Brexit will be a big test

“A decade of radical financial reform was not an end in itself, but rather a means to serve households and businesses better.“

“We must ensure that the real economy reaps its full benefits, including through freer trade in services and more resilient financing of the investment needed to boost wages of workers in all industries across the UK.”

“One million people across this country work in financial services.”

Key Notes:

UK: Mansion House speeches in focus - TDS

This morning in UK, BoE Governor Carney and Chancellor Hammond will deliver the Mansion House speeches that were originally scheduled for last week and will be keenly watched by investors, according to the analysts at TDS.

Mark Carney’s speech - BOE Press Conference Today

In the today's Marc Carney Speech, attention will turn to the tone of the comments about the possibility of raising the rate this year and the influence of inflation that reached 2.7% last may.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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