Cable get’s a little kick up to 1.7029 as we another BOE man nails his colours to the mast.
- Policy decisions becoming more balanced
- BOE shouldn’t hold back rate hikes too long
- Must be alert to any sign of pick up in wage growth
- Rate increases likely to be gradual
- UK recovery prospects have improved
- Some productivity loss may be more persistent
- Decision on when to raise rates depends critically on coming months data