Below are some additional comments from Bank of England Governor Mark Carney as he continues to testify before the Treasury Committee as part of the BOE’s inflation report hearings. “We’re close to manufacturing recession across developed and much of the emerging world.” “Data hasn’t shifted towards signalling a global recession.” “Fundamentals in major economies still quite strong, but there are pockets of risk.” “China has quite significant imbalances, a cause of concern.” “There is a relatively limited policy scope in many central banks.” “We have considerable policy space in the UK. Not just policy space in terms of the conventional policy.” “Global economy now less supportive for UK growth. It’s a less supportive backdrop than since I’ve been governor.” “We can offset some effects from global economy but can’t fully insulate the UK economy.” “The UK not directly in the “sights” of the global trade war, but would still have some impact around 1% of GDP.” The GBP/USD pair continues to trade in the upper half of its daily range near the 1.22 mark, adding more than 0.8% on a daily basis. 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 Bank of Canada leaves policy rate unchanged at 1.75% in September as expected FX Street 4 years Below are some additional comments from Bank of England Governor Mark Carney as he continues to testify before the Treasury Committee as part of the BOE's inflation report hearings. "We're close to manufacturing recession across developed and much of the emerging world." "Data hasn't shifted towards signalling a global recession." "Fundamentals in major economies still quite strong, but there are pockets of risk." "China has quite significant imbalances, a cause of concern." "There is a relatively limited policy scope in many central banks." "We have considerable policy space in the UK. Not just policy space in terms of the conventional… 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.
