Carney speech: Sterling would likely fall after a no-deal Brexit

Eren Sengezer FXStreet

Following the Bank of England's decision to keep its policy rate unchanged at 0.75%, Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below.

"Households acting prudently, no debt-fuelled consumption boom."

"Headline inflation likely to fall half a percentage point below target in coming months due to lower energy bills."

"After a no-deal Brexit, sterling would likely fall, risk premia on UK assets rise and volatility spike higher."

"No-deal preparation by government and business cannot eliminate need for fundamental economic adjustments that will be needed after no-deal."

"CPI inflation would rise and GDP growth would slow after no-deal."

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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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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