Home » Currency Note » Currency Note » Currency Note GBP » GBP: Carney says Brexit is ‘acid test’ of new global order

The Governor of the Bank of England delivered a speech at the Barbican in London yesterday, where he described Brexit as an ‘acid test’ of whether politicians are able to achieve a new form of international cooperation at the same time as respecting democratic accountability. He couldn’t resist a dig at Trump, when he closed his speech by saying “Contrary to what you might have heard, it isn’t easy to win a trade war.”

Theresa May said that MPs will debate an amendable Brexit motion on Thursday and that it could take time to secure a revised deal. However, if there isn’t a deal in place by Tuesday 26 February, the government will deliver a statement to MPs that day, then hold a debate on an amendable motion the following day. Somewhat worryingly, Andrea Leadsom suggested that May might well delay the vote on the revised deal just days before 29 March – something that prompted accusations of blackmail.

Today we will see the inflation rate for January, which is expected to drop to 1.9% from 2.1% the previous month, and we will also see the retail price index for the same month.

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