Carney will not extend his time at BoE

Bank of England Governor Mark Carney said on Tuesday he would not consider a further extension of his time in charge of the British central bank, which is now due to end in June 2019.

“I will leave June 30, 2019,” Carney said in response to a question during a regular meeting with lawmakers in parliament.

The Canadian said on Oct. 31 that he will stay in his job for an extra year to help smooth Britain’s departure from the European Union, but he will depart two years short of a full term.

Carney came under heavy criticism from pro-Brexit politicians for warning before June’s EU membership referendum of the economic risks of voting to leave the bloc.

Some British media have speculated that Carney might stay on beyond June 2019 if the government fails to conclude its exit from the EU by that date.

Bloomberg

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell