- rate of UK growth may ease in Q4
- downside risks to UK growth probably increased
- sees increase in geopolitical risks
- MPC majority see vulnerability to shocks and household debt
- evident increase of volatility over Scottish referendum
- some see spare capacity as a less useful policy guide
- some see wage growth pickin up
- Pound strength continues to put downward pressure on inflation
- Eurozone weakness most significant development this month
Full Minutes here
Overall I’d say it’s a bearish document and the market shares that view with cable now at 1.6295 from 1.6340 highs
