BoE Carney to Skip G20 To Be Ready for Outcome of Scottish Vote

Bank of England Governor Mark Carney will leave a meeting of Group of 20 finance ministers and central bank governors early next week in order to be back in Britain in time for the result of Scotland’s Sept. 18 independence vote.

A BoE spokesman said Carney would chair a meeting of the Financial Stability Board of bank regulators in Cairns, Australia, on Sept. 17, then fly back to London to be present on the evening of Sept. 18.

“The final decision was taken this week,” the spokesman said. “It is just prudent planning, and you would expect the central bank governor of the United Kingdom to be here for an occasion such as this.”

 
Opinion polls show the result of the referendum is too close to call. Carney has said the BoE has contingency plans in place should Scots vote to end their 300-year union with the rest of the United Kingdom.

BoE Deputy Governor Jon Cunliffe will represent Britain for the remainder of the meeting, which continues until the weekend.

via Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza