Data prompts positivity from Carney

Bank of England governor Mark Carney
Mark Carney

The governor of the Bank of England has said he has “more confidence” the weakness in the first quarter of this year was a blip for the UK economy.

“The incoming data have given me greater confidence that the softness of UK activity in the first quarter was largely due to the weather, not the economic climate,” Carney said, speaking in Newcastle on July 5.

According to the governor, indicators of household spending and sentiment have “bounced back” from what he deems to have been “erratic

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