More from Carney's press conference
If UK productivity, fiscal headwinds and uncertainty improve, then equilibrium rates will move closer to 2-3%
Weak Q1 productivity is an aberration
If there is a major shift due to Brexit talks that is disinflationary or creates extreme trade-off, that would have consequences for monetary policy
We are not yet picking up a material effect on UK economy from current trade conflict
UK would be most vulnerable to effect of trade war on global confidence and investment, not tariffs directly
Cable is down 95 pips to 1.3032.
