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Carney Says Chance of a No-Deal Brexit Is `Uncomfortably High'
Friday, 3 August 2018 14:48 WIB | FISCAL & MONETARY |Mark Carney,

Mark Carney threw himself back into the thick of the Brexit debate, saying the chance of the U.K. dropping out of the European Union without a deal is œuncomfortably high.

The intervention suggests the Bank of England governor is growing increasingly worried that Prime Minister Theresa May™s government is running out of time to hammer out an agreement that will prevent disruption to business, trade and consumers. In a BBC Radio interview on Friday, he said a disorderly Brexit is œhighly undesirable.

The pound weakened as Carney spoke and was down 0.2 percent at $1.2992 as of 8:30 a.m. London time.

In a sign of the pressure on May, she cut short a holiday to meet with French President Emmanuel Macron on Friday. It™s part of her diplomatic drive to win European leaders over with just 11 weeks until a divorce accord is meant to be signed.

Source : Bloomberg

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