Carney to remain in his role until January 2020

Carney to remain in his role until January 2020

"I can tell the House today that the governor has agreed, despite various personal pressures to conclude his term in June, that he will continue until the end of January 2020 in order to help support continuity in our economy during this period".

In a letter to the Chancellor, Carney said: "I recognise that during this critical period, it is important that everyone does everything they can to support a smooth and successful Brexit".

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.

Sir Jon Cunliffe, Deputy Governor of the Bank of England with responsibility for financial stability has also been re-appointed, effective from 1 November.

During a meeting with the Treasury Select Committee (TSC) on Tuesday, Carney confirmed he has been in discussions with Chancellor Philip Hammond about extending his term, however, he noted the decision rested with the government.

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Alli suffered a hamstring injury and Lloris a thigh injury. "He's a little bit unlucky", Pochettino told Sky Sports News. He's the first that told me: "'Gaffer, it's a massive mistake, and I need to pay like a man'".

The news is likely to be positive for Sterling in the long-run as it eradicates potential policy uncertainty as the United Kingdom exits the European Union.

"In a sea of Brexit political pygmies the governor of the Bank of England is one of the only sane voices at the table, so it is welcome news he is staying on".

Hammond had earlier said that Carney would stay on as governor of the central bank until the end of January 2020 to help navigate the turbulence of Brexit, with Britain due to depart the bloc in March 2019.

Having an inexperienced leader at Threadneedle Street at such a moment would nearly certainly be unhelpful.

The former Bank of Canada chief was appointed to the role in late 2012 after previously saying he wasn't interested in the job, and initially agreed to serve just five years of what is usually an eight-year term.

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