Further comments by BOE governor, Mark Carney
- Employment is also stronger
- Consumer spending is driven by real wage growth
- Doesn't think businesses are unreasonable in being cautious about investment
- Says businesses do not expect Brexit uncertainty to be resolved for some time
More positive comments about the economy to pair with the rate hike comments earlier. He's basically saying that should it not be for Brexit, the BOE would've definitely hiked by now and will be hiking even more in the future.
But of course, we live in a world with Brexit so all that pretty much goes out the window. The final remark on Brexit not expected to be resolved any time soon feels like a subtle comment that he himself is of the same view.
Cable continues to sit steady around 1.3040-50 levels, similar to after the BOE statement and inflation report release earlier.
