UK Chancellor Hammond: BoE’s Carney will serve until end-Jan 2020

The UK Chancellor Philip Hammond was out on the wires in the last hour, via Reuters, saying that the current BoE Governor Mark Carney has agreed to extend his term and will now serve until the end of January 2020.

Additional quotes:

   •  Carney is to see the economy through "turbulent period".
   •  Carney has agreed to stay despite "personal pressures".