Carney Speech: Want to make the central bank more open and accountable

The Bank of England Governor Mark Carney and other MPC members including Ben Broadbent, Deputy Governor Monetary Policy, and Stephen Cunliffe are speaking at a BoE sponsored event titled 'Future Forum 2017,' with key quotes, via LiveSquawk, found below.

Want to make the central bank more open and accountable.

BoE's Broadbent: Lack of productivity growth is fundamental reason why wages haven't grown more quickly.

Key notes

GBP/USD bulls struggling to make it through 1.3200 handle.

The British Pound held onto UK retail sales-led modest gains and pushed the GBP/USD pair back closer to the 1.3200 handle.

GBP futures: up move lacks conviction.

In light of advanced data from GBP futures markets from CME Group, investors trimmed their open interest positions by almost 2.4K contracts on Wednesday vs. Tuesday’s 177,130 contracts. In addition, volume increased by nearly 8K contracts, recording the third consecutive raise.

About Mark Carney 

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.