BOE's dep gov of monetary policy Broadbent interviewed in Scottish press
- there is reason to see MPC moving toward higher rates but lots of imponderables
- the mood if business is key to his thinking on rates
- firms likely to remain nervous amid Brexit uncertainty
More of the same from Broadbent interviewed in the Scotland Press and Journal newspaper during his trip to Scotland yesterday that disappointed a few GBP bulls .
Bears like me though will be happy with the additional push lower.
This dovish but cautious outlook has been offered before but GBPUSD falling to 2-week lows of 1.2823 as the bots grab the headlines but EURGBP still around 0.8840 as EURUSD falls too into 1.1460.
Full article here
BOE's Broadbent - Not ready to hike yet
