BOE MPC Saunders in Q&A after speech 31 Aug
- a rise of 0.25% in bank rate would be quite small
- no sign of UK productivity improvement yet
- no definite FX level for pound that would trigger concern
- we must take the exchange rate as it is
- part of recent pound fall is perception of better EU growth
Yep, and some back-tracking on rate hike rhetoric.
GBPUSD 1.2893 just off session lows as EURGBP rally fades into 0.9230
Saunders says BOE has no definite FX level in mind
