Home Business NewsBusinessBanking News Pound rises as Carney hints at BoE tenure extension

Pound rises as Carney hints at BoE tenure extension

by Purvai Dua
4th Sep 18 2:22 pm

Pound got a boost today following Bank of England Governor Mark Carney’s statement that he was ready to stay in his job beyond his planned leaving date in June 2019.

Pound-to-Euro exchange rate was up 0.33 per cent to 1.1155. Pound was, however, flat against the dollar.

Carney also told the Treasury Committee that he was willing to do what he could to ease Britain’s economy through its departure from the EU: “Even though I have already agreed to extend my time to support a smooth Brexit, I am willing to do whatever else I can in order to promote both a smooth Brexit and an effective transition at the Bank of England.”

“The Chancellor (finance minister Philip Hammond) and I have discussed this. I would expect an announcement to be made in due course.”

When Carney moved to London in 2013, he had reportedly agreed to stay at the BoE until 2018.

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