BOE's Carney says he cannot conceive using FX reserves for monetary policy purposes

Bank of England governor at the TSC Brexit testimony still

• can't see using FX reserves for mon pol when other tools are available

A veiled, or not so, reference to the chances of the BOE having/intending to intervene on any Brexit outcome.

TSC member Rees-Mogg is again bear-baiting Carney saying he is showing political partisanship over Brexit. Carney says Rees-Mogg's memory is "selective":

• any suggestion that the BOE would make contingency plans for any reason other than financial stability is unfounded
• leaving the EU is the biggest domestic risk to financial stability

Meanwhile GBPUSD has survived a test of 1.4200 and currently 1.4216 as EURGBP eases back from 0.7756 highs.