Reuters now running the earlier FT interview with MPC member Weale 26 July
Just a heads up in case the algos pick up on the headlines but little reaction so far
Eamonn had the story here hours ago in which Weale has changed his position from hawk to dove in light of recent data.
- mon pol would not boost economy straight away so any action would not save UK from recession if growth is beginning to shrink
- weaker PMI detail will be very material for next week's rate decision. Was a lot worse than expected
- sees things rather differently than if he had not seen PMI data
GBPUSD 1.3118 after a little wobble to 1.3105. GBPJPY pulling the pair around mainly.
Weale - PMI data has changed his mind
