Update: Carney to remain in his role until January 2020

Chancellor of the Exchequer announced today

Governor of the Bank of England Mark Carney will remain in his role until 31 January 2020, the Chancellor of the Exchequer announced today (11 September).

Last month it was reported Carney had been asked by the Treasury to stay on another year in a move to settle the City's Brexit concerns. The extension was agreed in an exchange of letters between Carney and the Chancellor Philip Hammond published this morning. Hammond said: "I'm delighted that the Governor has agreed to stay in his role for a further seven months to support a smooth exit from the European Union and provide vital stability for our economy. Sir Jon Cunliffe, Deputy Governor of the Bank of England with responsibility for financial stability has also been re-appointed,...