BOE's Weale before the Treasury Select Committee 24 May 2016
- Brexit would have material impact on growth. CPI
Carney:
- All MPC share view on potential impact of Brexit
- All FPC share view that Brexit is largest domestic risk
Nope, I don't understand why GBP is rallying either. Nothing in the Annual Report of note so perhaps this is just a relief rally or someone using the fragile conditions to drive it higher while we keep guessing.
GBPUSD down to 1.4582 with the 1.4600 offers/res capping so far as I highlighted in my previous post. EURGBP 0.7668 from 0.7662. Demand into 0.7650 providing support.
