Pound volatility is at emerging-market levels and U.K. assets are set for a substantial repricing once the Brexit outcome becomes known, according to Bank of England Governor Mark Carney. Carney made the comparison, which echoes a long-standing quip on trading desks, at an event in New York on Tuesday. When asked to comment on the current level of the pound, the governor initially dodged the question, before highlighting the heightened level of volatility of U.K. assets. “Sterling volatility, as you would know, is at emerging market levels and has decoupled from other advanced economy pairs for obvious reasons,” ... (full story)