GBP: Carney testifies on FSR - RBS

FXStreet (Delhi) – Research Team at RBS, suggests that today the most notable event will be comments from BoE Governor Carney who will be testifying on the December Financial Stability Report (FSR) before a Treasury Select Committee.

Key Quotes

“While the event, understandably, will likely focus on financial stability concerns, there may be questions about global growth – the FSR in December highlighted that the UK financial system has “substantial exposures to emerging market economies.”

To be sure, Mr. Carney’s assessment of the growth outlook in emerging economies just weeks before the release of the next Quarterly Inflation Report could influence monetary policy expectations and asset markets.”