BoE's Carney: Markets see another drop in sterling if no-deal Brexit

Mark Carney, Governor of the Bank of England, and Professor Silvana Tenreyro, an external member of the Bank of England's Monetary Policy Committee, are now delivering their remarks before the Parliament's Treasury Select Committee with key quotes found below.

• Carney: Markets see another drop in sterling if no-deal Brexit.
• Carney: Can't make a long-term forecast on the potential impact of a no deal Brexit on the economy.
• Tenreyro: UK pay growth is relatively high compared to productivity growth.