Carney to Remain at BoE Until 2019

Bank of England Governor Mark Carney said on Monday he will stay in his job for an extra year until the end of June 2019 to help smooth Britain’s departure from the European Union, but he will depart two years short of a full term.

Carney, who has come under heavy criticism from pro-Brexit politicians for warning before June’s referendum of the economic risks of voting to leave the EU, had the option to stay at the Bank until 2021.

But the Canadian decided against serving the full eight years available to him.

Reuters

XAU/USD – Gold Edges Lower after Strong US Consumer Report

BoJ Delays Inflation Target But Keeps Stimulus Unchanged

Fastest Growth in More Than Two Years for Chinese Factories

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.

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.