BOE gov Carney still being grilled by lawmakers 15 Nov
– unclear if decision to leave EU means sustainable size of current account has fallen
– fall in sterling will play a part in necessary reduction of UK’s
Carney neatly sidestepping questions on whether the level of GBP fall is appropriate or yet complete.
BOE’s Carney says scale of fall in GBP assumes weaker UK productivity and a less open economy
