- weaker euro area has increased risks for UK
- MPC sees weak price pressures and low wage growth
- CPI outlook doesn’t justify rate increase
- see some signs that UK growth is losing momentum
Who want’s to push back a rate hike forecast to 2016 . lol
Dovish Minutes which I highlighted in my preview
- weaker global demand and stronger pound slowing export growth
- Weale & MacCafferty highlighted negative impact of keeping rates too low for too long
Full Minutes from the Old Lady here
GBPUSD 1.6038 6025 again having bounced back from 1.6037 to 1.6050. EURGBP 0.7918.. offers into 0.7930
GBPJPY on session lows at 171.18
Carney – betwixt rock and hard place still