Dep gov Nemat Shafik on BBC radio at the moment in a pre-recorded interview
- UK not immune to global risks
- Europe is doing a bit better
- starting to see labour recruitment tightening in UK
- can't set interest rates just to control housing market
Broadcast finished
Shafik is a relatively recent appointment with responsibility for markets and banking, and an MPC member
Nothing of real note but the housing market comment will only add to the argument that rates aren't going up any time soon
GBPUSD still trawling along the bottom at 1.5205 with decent demand/bids as per my posts yesterday. More at 1.5180 behind that but expect rallies into 1.5250 to be sold
BOE's Shafik - housing market can not be controlled by interest rates
