The governor of the Bank of England Mark Carney has said that the bank is prepared to inject up to £250 billion to stabilise financial markets if required. In a speech following the UK’s vote to leave the EU this morning, Carney (pictured) responded to deep uncertainty in the markets following the results. The FTSE 100 index
Bank of England governor Mark Carney has entered a heated exchange with a senior figure in the Leave campaign over accusations he has broken rules about the Bank’s independence in the run-up to an election or referendum. Last month the Bank warned the UK could suffer a recession if it voted to leave the EU at next
The pound has dropped back to a low last seen in 2009 versus the dollar and a year low against the euro after Bank of England governor Mark Carney ruled out any imminent increase in interest rates. Having traded at $1.70 as recently as 2014, sterling dropped to $1.414, its lowest since early 2009, following
