BOE's Carney sees gradual withdrawal of stimulus over several years

BOE's Carney still speaking but now in Q&A

• central BOE forecast is for modest withdrawal of stimulus
• sees some signs of consumer slowdown
• Brexit uncertainty affecting business loan demand

I stand by my view that rate hikes are a long way off still.

GBPUSD testing below 1.2420 now. More bids/support into 1.2400 the next obstacle.