Bank of England (BOE) Governor Mark Carney on Thursday noted that the underlying pace of growth in the United Kingdom’s (UK) economy was “relatively modest” and reiterated that the financial sector was ready for a no-deal Brexit. “The strong financial system does not mean there would not be big market moves after a no-deal Brexit,” Carney further elaborated. “The big picture is that the more severe Brexit is in the short term, the weaker the pound is likely to be.” The British Pound’s reaction to these comments was relatively muted. As of writing, the GBP/USD pair was up 0.42% on the day at 1.2256. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next Ethereum market update: ETH/USD makes its way above DMA50, $200.00 is the next stop FX Street 3 years Bank of England (BOE) Governor Mark Carney on Thursday noted that the underlying pace of growth in the United Kingdom's (UK) economy was "relatively modest" and reiterated that the financial sector was ready for a no-deal Brexit. "The strong financial system does not mean there would not be big market moves after a no-deal Brexit," Carney further elaborated. "The big picture is that the more severe Brexit is in the short term, the weaker the pound is likely to be." The British Pound's reaction to these comments was relatively muted. As of writing, the GBP/USD pair was up 0.42% on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
