Further remarks by Saunders
- Result of BOE review into sequencing of future tightening likely before year-end
- BOE has always said that QE could be reviewed
The final remark was when he was questioned on whether stopping QE early would damaged the central bank's credibility. I guess this pretty much reveals which side of the camp he is on, but we'll have to see how many others adopt a similar position.
Cable moved to a high of 1.3898 on his remarks from earlier but gains appear to be stalling at 1.3900 again, as they have over the past two weeks. Now trading at 1.3875.
