Carney speech: Sterling might appreciate if there is a smooth Brexit transition

Bank of England Governor Mark Carney is now delivering his remarks on the monetary policy outlook in a press conference.

Key quotes (via Reuters)

• Sterling might appreciate if there is a smooth Brexit transition.
• Disruptive Brexit could lead to "some further depreciation" of sterling.
• BoE could respond to Brexit with rate hikes or cuts.
• Current situation for UK monetary policy "differs materially" from eve of the Brexit referendum in 2016.

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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.