Market turmoil fears likely to force Mark Carney to abandon ECB meeting

Bank of England governor may cancel Portugal visit as City expects further stock market battering on Monday over Brexit

Bank of England governor Mark Carney is expected to abandon plans to fly to Portugal for a summit of central bankers, amid fears of further turmoil when markets open on Monday.

With expectations that the FTSE 100 index could open almost 3% lower on Monday, the governor was weighing up whether to stick to his plans to attend the European Central Bank’s annual summit in Portugal on Wednesday.

Continue reading…

Leave a Reply

Read the original at Economics | The Guardian.