Latest Financial Stability Report and Stress testing results now out
- global asset prices vulnerable to emerging market risks
- could hurt UK economy
- markets vulnerable to a sharp increase in interest rates or fall in risk appetite
- FPC keeps banks' counter-cyclical capital buffer at 0.0%, will carefully review in 2016
- RBS and Standard Chartered only passed 2015 stress tests after taking steps to boost capital ratios
Ah, the joys of cheap borrowing
- UK current account deficit still large by historic standards, vulnerabilities could build quickly
- FPC ready to take action on buy-to-let mortgages if needed
Full stress test details here and Financial Stability Report here
A cautious offering from the BOE. GBP unfazed though with cable holding above 1.5090 after failing above 1.5100 a couple of times so far
EURGBP 0.7012 after the retreat from 0.7050 yesterday, a level I was banging on about during my session
