BOE gov Carney and dep gov for financial stability Cunliffe up before UK lawmakers at 09.15 GMT
Carney & Cunliffe will give their thoughts/answer questions at the latest Treasury Select Committee meeting under the topic "The economic and financial costs and benefits of UK's EU membership".
At the last TSC meeting on 23 Feb Carney told them that the BOE had "been engaged in contingency plans for Brexit" but further questions were kept on ice until today. Sir Jon Cunliffe is formerly the UK's permanent representative to the EU.
As I wrote at the time it is common sense for Carney & Co to be considering the consequences of what many still see as highly unlikely but still possible. Talk in this morning's press is that the BOE will be ready to chuck a bucket of money into the system to keep things afloat.
It is those unknowns that the TSC and indeed the UK voting public at large will want some further clarification on and we shouldn't forget more than a passing interest from the EU and Eurozone contingent. They too should be making contingency plans
I would expect Carney to remain neutral and tell us like it is but expect some grilling on what is no doubt the current UK and GBP hot potato. The TSC will be keen as we all are to see/hear Carney's true colours as a Canadian governor of the Bank of England!
We'll bring you the headlines and analysis here but you can also catch it all live on tv.
GBPUSD currently 1.4255 and EURGBP 0.7742 both seeing some good two-way business at the moment.
"So Mark, are you going to toe the party line or not ?"
