BOE board member Gertjan Vlieghe is in a Q&A session now
- Says that his own central forecast is for one to two rate hikes a year
- Says his forecast assumes wage, productivity growth picks up
- Not at a point yet for the BOE to change its smooth Brexit assumptions
That seems to be about it from Vlieghe today. Not really all too different from the BOE and Carney's reiteration of gradual (one) rate hikes per year. But once again, the real risk to all of this is Brexit and a no deal outcome would basically throw all these assumptions and forecasts out the window.
In the meantime, the pound continues to be well bid in the session. Cable is at a session high of 1.3160 while EUR/GBP sits near the lows at 0.8941 with GBP/JPY also rising to a high of 148.51.
