In recent days there has been intense speculation on whether the Bank of England (BoE) governor Mark Carney will continue to serve his full eight-year terms or not. The Brexit supports have been campaigning for his resignation from the post. Financial markets, especially the pound, gilts and the FTSE traders would keep a close watch on this.

After the UK economy turned out to be better than expected after the June referendum, where a majority of the Britons voted in favor of an exit from the European Union, the Brexit critics have accused Carnet of siding with the remaining camp by producing doom-laden forecasts for the post-Brexit UK economy. Several members of the parliament such as Daniel Hannan, Jacob Rees-Mogg have called for Mr. Carney resignation as they accuse him of politicizing the Bank of England.

Initially, when Mr. Carney joined the Bank of England (BoE) back in 2012, he expressed his interest in serving only for five years, instead of full eight-year term citing personal reasons. However, he later said that he is ready to serve a full term. This week, he would discuss with British Prime Minister Theresa May and the Chancellor of the Exchequer Phillip Hammond and is widely expected to announce his decision, possibly before Thursday, when BoE will release its inflation report.