Following the Bank of England’s decision to keep its policy rate unchanged at 0.75%, Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below. “Households acting prudently, no debt-fuelled consumption boom.” “Headline inflation likely to fall half a percentage point below target in coming months due to lower energy bills.” “After a no-deal Brexit, sterling would likely fall, risk premia on UK assets rise and volatility spike higher.” “No-deal preparation by government and business cannot eliminate need for fundamental economic adjustments that will be needed after no-deal.” “CPI inflation would rise and GDP growth would slow after no-deal.” Related articles Bank of England lowers 2019 GDP growth forecast to 1.3% from 1.5% in May. According to the updated economic projections in the Quarterly Inflation Report, the Bank of England forecasts the economy to expand by 1.3% in 2019, compared to 1.5% reported in May’s publication. GBP/USD off 2-1/2 year lows, still in the red post-BoE. The GBP/USD pair held on to its weaker tone post-BoE, albeit has managed to recover around 15-20 pips from an early dip to sub-1.2100 level. About Mark Carney Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013. 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 FXStreet News share Read Next EUR/GBP clings to gains above 0.9100 on steady BoE FX Street 4 years Following the Bank of England's decision to keep its policy rate unchanged at 0.75%, Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below. "Households acting prudently, no debt-fuelled consumption boom." "Headline inflation likely to fall half a percentage point below target in coming months due to lower energy bills." "After a no-deal Brexit, sterling would likely fall, risk premia on UK assets rise and volatility spike higher." "No-deal preparation by government and business cannot eliminate need for fundamental economic adjustments that will be needed after no-deal."… 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.
