Treasury hoping for Carney extension

The Treasury and the Bank of England are in discussions about Mark Carney staying on as governor beyond his present departure date of June 2019.

I understand the Treasury is concerned that trying to find a new governor now, amid Brexit talks, would be difficult.

It wants to be able to give any new candidate a clear view of what the relationship with the EU will be like.

Theresa May’s spokesman said Mr Carney had said he intended to step down next year and that was still the plan.

BBC

DAX dips as German Manufacturing PMI drops in August

Barnier and UK manufacturing data weigh on GBP

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

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.