Carney speech: Coronavirus could mean economic growth downgrade for UK

Dhwani Mehta FXStreet

In an interview with Sky News, the Bank of England (BOE) outgoing Governor Mark Carney warned that coronavirus could mean economic growth downgrade for the UK.

When asked whether Brexit would damage the economy, he said it was too early to tell.

Carney said he thinks the UK economy will go through a period of reorganization while commenting on Brexit.

The central bank is monitoring UK banks to ensure they remain in good health so there is no risk of COVID-19 triggering financial crisis, he added.

GBP/USD: On the back foot below 1.2900, Brexit talks in focus

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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