Mark Carney

: Sterling climbed against the euro by the most since May, according to Bloomberg. Bank of England Governor Mark Carney said potential market volatility has increased, in the text of his annual Mansion House speech published Wednesday before he delivers it. Sterling volatility against the dollar surged to the highest level in almost a month, after a report released by the Office of National Statistics showed industrial output beat analyst estimates, even as factory output unexpectedly contracted. The industrial production figures are more important than manufacturing and I think sterling strength could last, said Lutz Karpowitz, a senior currency strategist at Commerzbank AG in Frankfurt. London time. Sterling rose 0.7 percent to $1.5495 at 5:45 p.m. (news.financializer.com). As reported in the news.