The TSC meeting is now ,belatedly, underway.

See my preview for links and further background.

  • BOE will not provide comprehensive analysis of economic advantage/disadvantage of EU membership
  • not within the remit of BOE but financial stability is

Well thanks for turning up Governor.

  • remaining in the EU poses risks related to development of Eurozone
  • FTT is not an issue for financial stability
  • safeguard for non-Eurozone countries in Feb deal on UK membership is " important commitment

It's all a bit tetchy at the moment as Carney continues to be asked to define the BOE remit here.

GBPUSD and EURGBP unfazed at 1.4243 and 0.7737