Carney Speech: Global economy is firing on '11 out of 12' cylinders

Governor of the Bank of England, Mark Carney, is responding to questions from the press, with key quotes, via Reuters, found below.

Global economy is firing on '11 out of 12' cylinders.

Stance of global monetary policy is changing, not surprising it influences open economies.

UK is in a relatively unusual period of underperformance compared to other major economies.

Bank agents' survey now shows that wage growth will pick up in 2018.

Key notes

GBP/USD weaker, breaches 1.3100 on Carney.

The selling pressure around the Sterling remains well and sound on Thursday following the BoE meeting and the press conference by Governor M.Carney, all relegating GBP/USD to test fresh lows in sub-1.3100 levels.

GBP/JPY plunges below 150.00 handle post-BoE, Carney in focus.

The GBP/JPY cross faded a knee-jerk bullish spike to mid-151.00s and tumbled below the key 150.00 psychological mark post-BoE decision. 

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.