Carney speaking from Davos 26.01.2018

  • BoE’s Carney: UK Is Lagging Behind The Rest Of The World In Terms Of Growth
  • GDP A Percentage Point Lower Compared To Pre Brexit Forecast
  • 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 re coupled with global growth later this year
  • The deeper the UK’s relationship with Europe and rest of the world, the better it is for the economy
  • Has no idea about the Presidents Club and didn’t authorise the BOE gift

GBP pretty much unfazed by these general comments, USD is giving back a part of the Trump rally this morning, Cable trading at 1.4240

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