BOE governor Carney speaks to BBC in Davos - 26 January 2018
- But he does see a bit of pick-up in growth
- UK economy is feeling Brexit effect in the short-term
- UK companies waiting for clarity on Brexit
- World economy is accelerating, but UK has not seen this yet
- There is a prospect UK will be recoupled with global growth later this year
- Denies the accuracy of the information in Times newspaper regarding the £10 bn Brexit cost
- Investment growth in UK is lagging behind the rest of the world
- UK GDP is a percentage point less than pre-Brexit forecasts
- The deeper the UK's relationship with Europe and rest of the world, the better it is for the economy
- Claims he has no idea about Presidents Club and that BOE did not authorise the gift
Carney talking quite a bit on growth in the UK. Meanwhile, we're seeing cable rise more than 100 pips on the day now up to 1.4243 just off highs of 1.4255 - mainly on the back of dollar weakness.
EUR/GBP is now at 0.8745, a little lower on the day as well with sterling leading the charge on the major bloc.
