Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.
- There is upside for UK economy if there is clarity on Brexit deal sooner.
- Not everything on Brexit may be tied up by end of March.
- We have projected that Brexit uncertainty will last longer than we expected.
- If there is a no-deal Brexit shock, that would increase chance of a negative quarter of growth.
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GBP/USD plummets to mid-1.2800s, 2-1/2 week lows post-BoE.
The bearish pressure surrounding the British Pound remained unabated, with the GBP/USD pair falling to 2-1/2 week lows, around mid-1.2800s post-BoE announcement.
EUR/GBP clinches 0.8800 and beyond on steady BoE.
The negative mood around the British Pound is now lifting EUR/GBP to fresh 2-day highs in levels beyond 0.8800 the figure.
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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