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