• oil price impact should fade within a year

  • UK enjoying solid economic growth

  • ECB action will support Eurozone economy

Sir John Cunliffe, BOE dep gov speaking on BBC radio's 5 Live

Nothing of note. Posting for info but still on air

  • UK in a better position if Greece were to exit the Eurozone
  • BOE has many contingency plans, won't comment further
  • UK productivity starting to pick up
  • BOE not seeing conditions as the moment to justify rate cut or QE

Repeating yesterday's line on rate cuts by Carney

GBPUSD still 1.5416