BOE governor Carney still up before the TSC 24 May 2016
– BOE would not stand in the way of necessary adjustment in GBP exchange rate after Brexit
– main steps in ensuring orderly markets are extra liquidity auctions previously announced
In a nutshell, don’t expect them to step in and halt any rapid fall in the pound. Or indeed I can’t see them capping a rally either.
Carney says BOE will take all necessary steps to ensure orderly markets
