BOE MPC Vlieghe out with the current BOE mantra 15 Sept
- continued fall in slack, rising pay pressure and household spending plus robust global growth needed for rate hike
- risk remains that Brexit will have bigger impact on UK economy but for now wage pressure is gently building
- UK equilibrium interest rate may be rising
- chance of upward pressure on UK inflation
Cue GBP spike after dove Vlieghe toes the party line.
GBPUSD testing 1.3500 EURGBP down to 0.8828
Update: 1.3500 broken and stops triggered to 1.3540. EURGBP testing 0.8800
That's why I'm staying out for the moment.
GBPUSD 5m
