Additional comments from Bank of England Governor Mark Carney continues to cross the wires. Below are some key takeaways, as reported by Reuters.
“The core of the financial system in the UK is ready for Brexit whatever form it takes.”
“Effects of hard Brexit would be material because it would be an overnight adjustment to the most significant trade relationship the UK has.”
“Easier to invert the yield curve now than it was, but is still not a vote of confidence in the economy.”
“The Fed is pretty close to delivering on its dual mandate.”
The GBP/USD pair largely ignored these remarks and was last up 0.1% on the day at 1.2357.
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