Mark Carney set to extend tenure as BoE governor

Mark Carney, the current Bank of England governor has announced he will be extending his tenure beyond 2020. The announcement headed off speculation surrounding his pre agreed exit in 2019 which had begun to cause uncertainty around the direction of the UK’s central bank after his departure. The announcement was welcomed by markets and investors alike, chiefly because Carney’s extension will be seen as a steady hand on the tiller of the central bank as the UK continues to negotiate itself through an increasingly uncertain Brexit deal with the EU.