This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
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
The article has changed 13 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| MPs to quiz Mark Carney on Brexit fallout - business live | MPs to quiz Mark Carney on Brexit fallout - business live |
| (35 minutes later) | |
| 9.28am BST | |
| 09:28 | |
| UBS boss warns about potential job moves from the UK following the Brexit vote... | |
| #Brexit wll mean "significant" job moves, "complete reassessment" of businss: UBS https://t.co/ToDn114ECO https://t.co/peThWXise5 ~@business | |
| 9.22am BST | |
| 09:22 | |
| Nintendo shares are up more than 50% in the three trading days since its Pokémon Go game was launched. | |
| Nintendo’s shares rose 12.8% to ¥22,860 in Tokyo on Tuesday, taking total gains in the past three days to 53%. | |
| It means the market value of the company has jumped by £7bn since the latest version of its 21-year-old game was made available on 7 July. | |
| Pokémon Go is the first edition of the game for mobile phones and and lets players face the monsters in the real world using their smartphone cameras. | |
| Related: Nintendo shares up 53% as investors try to catch ‘em all | |
| 9.09am BST | |
| 09:09 | |
| Figures published overnight showed consumer spending slowed to recession levels in the run up to the EU referendum. | |
| High street and online sales were up 0.2% in June compared with the same month a year earlier according to the survey from the British Retail Consortium and KPMG. | |
| But sales were down 0.5% on a like-for-like basis, which strips out the impact of sales at shops open for less than a year. | |
| Over the second quarter, sales were up 0.5% on the first quarter and 1.2% up on an annual basis. | |
| The BRC said this was the weakest performance since May 2009, when the economy was contracting during its longest and deepest postwar recessions. | |
| Economists have commented that consumers are likely to delay spending on big items while economic uncertainty reigns following the Brexit decision. | |
| Related: Consumer spending slowed to recession levels before EU referendum | |
| Updated | |
| at 9.11am BST | |
| 8.57am BST | |
| 08:57 | |
| Meanwhile the yen hit more than a two-week low against the dollar as investors factored in more monetary stimulus following the the election victory by Japan’s ruling coalition. | |
| The dollar rose 0.8% to 103.64 yen, its strongest since 24 June when the Brexit vote was revealed. | |
| 8.49am BST | 8.49am BST |
| 08:49 | 08:49 |
| Pound rises above $1.31 | Pound rises above $1.31 |
| The pound is rising this morning, currently up 1% against the dollar at $1.3130. | 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. | 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. | Sterling is also up 0.6% against the euro at €1.1813. |
| 8.40am BST | 8.40am BST |
| 08:40 | 08:40 |
| European markets open slightly higher | European markets open slightly higher |
| Markets have edged higher in early trading, following the FTSE 100’s move into a bull market on Monday. | 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. | 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. | 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. | 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 |