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Bank of England governor Mark Carney upbeat on UK growth

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Bank of England governor Mark CarneyImage copyright EPA

The Bank of England governor has stated that he now has extra confidence within the UK financial system, in a speech which is more likely to stoke expectations of an rate of interest rise in August.

Mark Carney mentioned latest knowledge had given him “greater confidence” that weak first-quarter growth “was largely due to the weather”.

He stated that family spending and sentiment have “bounced back strongly”.

However, he additionally warned that a world commerce battle may dampen financial growth.

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