Threadneedle

But insiders at Threadneedle Street aren't so sure.

Carney, who left Threadneedle Street earlier this year, made the suggestion during a roundtable for the UN Environment Programme Finance Initiative today.

But Threadneedle Street thinks there is little it can do because the weakness of sterling has nothing to do with the economy and everything to do with politics.

The BBC reports Egyptian-born Dame Minouche Shafik, director of the London School of Economics, is the Government’s current favourite to take the hot seat at Threadneedle Street.

Threadneedle is the international funds business.

For more excellent steak, head to M Threadneedle Street.

Nicolas Janvier, a portfolio manager at Columbia Threadneedle Investments, said “the trickle up is a big myth”.

The Bank moved to its current location in Threadneedle Street in 1734, citation and thereafter slowly acquired neighbouring land to create the edifice seen today.