Markets see lower no-deal Brexit risk: Bank of England’s Carney

LONDON (Reuters) – Bank of England Governor Mark Carney said sterling’s rise after Prime Minister Theresa May’s Brexit plan was defeated in parliament suggested investors felt the risk of a no-deal Brexit had diminished, or that the process would be extended.

“I’m not giving my view, I’m giving the markets’ initial take,” Carney told lawmakers in parliament on Wednesday during a regular hearing.

“I wouldn’t put much weight on these very short term-moves. The market is waiting.”

The British pound rallied to its highest in nearly two months against the euro on Wednesday. Against the dollar , the pound was broadly flat at $1.2866 after jumping by nearly a cent immediately after Tuesday’s vote. [nL8N1ZG1XP]

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