More from Carney's presser - 8 February 2018
- Income is the key driver behind UK household spending, not debt
- The most important decisions - based on order of magnitude - that will affect UK households will be Brexit, not interest rates
- Fiscal policy has been loosened but will still be a drag on growth over the next few years
- When it comes to inflation and growth trade-off, "we cannot have cake and eat it too"
- Most recent productivity data very likely to be revised
- If there is no Brexit transition deal by March, impact on policy would depend on how household and business confidence are affected
Nothing too substantial with regards to monetary policy and the specifics on the pace of rate hikes to be expected from the BOE so far in the Q&A session.
Meanwhile, cable is sustaining a move above 1.4000 for now - and if it stays above the 100-hour MA (red line), it will give encouragement for buyers to try and make a run higher later in the day.
