Mentel: Carney's Exit Would Hit Markets Negatively
Over the weekend, some newspapers reported that BOE governor Mark Carney was preparing to leave in 2018 -- sticking to the five years in the role agreed when he was appointed -- while the Financial Times said he’ll serve a full term through 2021. The BOE declined to comment, saying only that he would declare his intentions by a self-imposed deadline of year-end. The publication of the bank’s Inflation Report on Nov. 3 will come against the backdrop of third-quarter growth surpassing estimates and the pound dropping to a 30-year low. Tatton Investment Management CIO Lothar Mentel discusses this and the outlook for Fed rates with Anna Edwards and Yousef Gamal El-Din in London and Manus Cranny in Dubai on "Bloomberg Daybreak: Europe."