0
Ruptly
Следвай
372
UK: Sterling’s rebound shows diminished expectations of no-deal Brexit, says BoE governor
1
16.01.2019
Bank of England governor Mark Carney was questioned about the country’s financial prospects by the House of Commons Treasury committee in London on Wednesday.
Carney was there to talk about the UK financial stability report that was published in November 2018. However, he was inevitably asked about Brexit after yesterday’s vote against PM Theresa May's proposal.
Carney stated that "there was a sharp rebound in the [British] sterling following the vote and in public market commentary, also consistent with our market intelligence, that rebound would appear to reflect some expectation that the process of resolution would be extended and that the outcome, the prospect of no-deal may have been diminished."
In addition, Carney said that the Bank of England believes that British banks are resilient to any possible external shock, may it be Brexit or China: "we have confidence that the system, the core of the system is resilient to the types of shock we could see."
Carney was there to talk about the UK financial stability report that was published in November 2018. However, he was inevitably asked about Brexit after yesterday’s vote against PM Theresa May's proposal.
Carney stated that "there was a sharp rebound in the [British] sterling following the vote and in public market commentary, also consistent with our market intelligence, that rebound would appear to reflect some expectation that the process of resolution would be extended and that the outcome, the prospect of no-deal may have been diminished."
In addition, Carney said that the Bank of England believes that British banks are resilient to any possible external shock, may it be Brexit or China: "we have confidence that the system, the core of the system is resilient to the types of shock we could see."
Виж повече
Виж по-малко
