Skip to content
Subscriber Only

Carney Proving Favored Banker in Sterling’s Revival: Currencies

Bank of England Governor Mark Carney is proving adept at winning the confidence of currency traders.

Since he took over as the U.K.’s top central banker in July, the pound has appreciated 8 percent against a basket of nine developed-market peers tracked by Bloomberg. When Carney headed the Bank of Canada from February 2008 to last June, that nation’s currency held its value even during the worst crisis to grip the global financial system since the Great Depression.