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You can find the current article at its original source at https://www.theguardian.com/politics/live/2016/jul/12/mps-to-quiz-mark-carney-on-brexit-fallout-business-live
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| Version 0 | Version 1 |
|---|---|
| MPs to quiz Mark Carney on Brexit fallout - business live | MPs to quiz Mark Carney on Brexit fallout - business live |
| (35 minutes later) | |
| 8.49am BST | |
| 08:49 | |
| Pound rises above $1.31 | |
| The pound is rising this morning, currently up 1% against the dollar at $1.3130. | |
| As it stands, the pound is on track for its biggest one-day gain since before the EU referendum. | |
| Sterling is also up 0.6% against the euro at €1.1813. | |
| 8.40am BST | |
| 08:40 | |
| European markets open slightly higher | |
| Markets have edged higher in early trading, following the FTSE 100’s move into a bull market on Monday. | |
| The FTSE 100 is trailing however, down four points. | |
| Investors have found comfort from the sooner-than-expected end to the Conservative Party leadership contest. Theresa May’s confirmation as the next Prime Minister removes the uncertainty that investors were expecting to run for another couple of month. | |
| May is expected to move into Number 10 on Wednesday, when firm plans for Brexit and life outside the EU can get underway. | |
| 8.09am BST | 8.09am BST |
| 08:09 | 08:09 |
| The agenda: Mark Carney updates on Brexit fallout | The agenda: Mark Carney updates on Brexit fallout |
| Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. | Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. |
| The Bank of England is in focus this morning. At 9.30am the Bank will publish the minutes of the Financial Policy Committee meeting held on 28 July and 1 July. | The Bank of England is in focus this morning. At 9.30am the Bank will publish the minutes of the Financial Policy Committee meeting held on 28 July and 1 July. |
| Then at 10am the Bank’s governor Mark Carney will be questioned by MPs on the Treasury Select Committee about the Financial Stability Report published by the Bank last week. | Then at 10am the Bank’s governor Mark Carney will be questioned by MPs on the Treasury Select Committee about the Financial Stability Report published by the Bank last week. |
| Here is our story on the report: | Here is our story on the report: |
| Related: Bank of England releases £150bn of lending amid warnings on stability | Related: Bank of England releases £150bn of lending amid warnings on stability |
| Today’s session will give Carney the opportunity to provide his latest view on the fallout from the Brexit vote, in this fast-changing environment. You can watch it live here. | Today’s session will give Carney the opportunity to provide his latest view on the fallout from the Brexit vote, in this fast-changing environment. You can watch it live here. |
| Also coming up... | Also coming up... |
| Related: FTSE enters bull market as May rival quits and Wall Street surges | Related: FTSE enters bull market as May rival quits and Wall Street surges |