Markets Downplay The Potential Impact Of Bank Of England's New Governor Mark Carney

Ahead of Mark Carney assuming the role of the Bank of England's New governor Clem Chambers, CEO of private investors website ADVFN, argues that his "impact will be at the margin".

We are currently seeing that a very low pound, negligible low interest rates and historic levels of QE money printing have failed to boost the economy or the markets because the public sector, even after the Chancellor's spending review, will continue to overwhelm the UK economy.

A new Bank of England governor can't change that, so the reality is that Mark Carney's impact will be at the margin with the real power remaining in Whitehall and not Threadneedle Street.