BOE gov Carney now well into his Q&A 2 Nov
I stand by my long held view that inflation is an excuse to hike rates so they have wiggle room to put them down when the proverbial hits the fan again.
- bank agents survey shows wage growth will pick up in 2018
Yep and pigs will proverbially fly.
- MPC believes in Phillips Curve, tighter labour market to boost wages
- we are past the worst on wage growth
- Brexit deal will affect FX rate
Yeeeeeey, we sure hope so on that last one Marky
- we want bank rate as marginal instrument of policy not QE
- want bank rate to be higher than it is today before reversing QE
Meanwhile GBPUSD 1.3116 steadying after finding support below 1.3100 but rallies into 1.3130 and 1.31650 expected to find sellers
EURGBP finding sellers above 0.8900 again as we did in the BUBA-led rally on Friday and falling back to 0.8880.
EURGBP 60m
