BOE governor Carney now into his Q&A at the press conference 8 Feb
Carney keen to qualify that rates may rise earlier and to a somewhat greater extent but not more rapidly
- rates will not move higher at previous high pace
- rates not going back to pre-crisis levels
- BOE won't tie its hands to specific path for rates
- today's comments in report are similar but not the same as Nov
- BOE managing a trade off between growth and inflation
- timing of next hike will depend on economic data
- Brexit impact still to be known
Watch it all live here
Meanwhile GBPUSD 1.3980 making its mind up still after the rapid rally and fade above 1.4000 but EURGBP making 5-month lows of 0.8731. Don't forget those option expiries at 1.4000 rolling off today and that I have warned will help to cap.
I still say this GBP rally is overdone but let's see what the rest of the presser brings.
I have to leave now. See you all back here tomorrow
