Carney speech: Reduced chance of no-deal Brexit has pushed up sterling

Following the Bank of England's decision to keep its policy rate unchanged at 0.75%, Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below.

"Headwinds from uncertainty likely pushing down on global interest rates, exacerbating concerns about limited policy space."

"Brexit uncertainties are weighing particularly hard on business investment."

"Now evident that UK households doing precautionary saving before Brexit."

"Brexit agreement reduces risk of no-deal significantly."

"Reduced chance of no-deal Brexit has pushed up sterling."

"Pick up in UK growth likely to be limited by lack of supply capacity in the economy."

"Supply growth limited by effects of Brexit transition."

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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.