Mark Carney: Sterling rebound reflects expectations that no-deal Brexit risks are receding – business live

Rolling coverage of the latest economic and financial news, as
Bank of England governor Mark Carney appears before the Treasury
committee

9.39am GMT

Just in: UK inflation has fallen to its lowest level in
almost two years — giving households some relief as they brace for
possible Brexit upheaval.

The consumer prices index shows that prices rose by 2.1%
year-on-year in December, down from 2.3% in November, thanks to
falling fuel costs.

*U.K. DECEMBER INFLATION RATE FALLS TO 2.1%,
AS FORECAST

9.36am GMT

Bank off England governor Mark Carney has
told the Treasury select committee the markets reacted positively
to last night’s Government defeat because they anticipate the
Article 50 process will be extended.

Source: FS – All-News2-Economy
Mark Carney: Sterling rebound reflects expectations that no-deal Brexit risks are receding – business live