Sun 30 Oct 2016 / Europe
Carney, May and the sterling imbroglio
The imbroglio over suspicions the UK government is seeking to tamper with monetary policy has plenty of fresh potential to derail sterling. Theresa May, the British prime minister, made an error earlier this month by appearing to lecture Mark Carney, the Bank of England governor, at the Conservative party conference in Birmingham. This could be one of the reasons why, when Carney makes up his mind about his future at the UK central bank, he may decide to step down in 2018 after only five years.