As noted here yesterday, citing reports in British newspapers such as The Times and Mail Online, Mark Carney’s “self-imposed deadline” for declaring whether he will stay in office beyond 2018 is fast approaching, and the central banker may decide to step down as soon as next week. Reportedly, the 51-year old Canadian may announce his decision “within days” at his next scheduled public appearance on Thursday, when the BOE announces its policy decision and the governor holds a press conference in London.
Today, the FT followed up with a report that suggests Carney’s tenure at the BOE may indeed be coming to an end, when it reported that “the BoE declined on Sunday to dismiss speculation that the governor might announce his decision this week alongside the quarterly inflation report.”
The FT’s Chris Giles prefaced this by saying that “ardent supporters of Britain’s vote to leave the EU believe they are on the verge of another victory by forcing Mark Carney to resign as governor of the Bank of England before the end of his term in 2018.”
The impact on sterling will likely be rather adverse when it opens for trading:
This post was published at Zero Hedge on Oct 30, 2016.
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