Again, this is via Bloomberg, but quoting the Financial Times

Earlier headline here

More now:

  • Martin Weale has indicated that he has changed his mind and now favors an immediate stimulus for the economy, FT reports, citing an interview.

Weale citing:

  • Friday's purchasing managers' indices ... were a lot worse than he had thought and showed expectations have worsened sharply
  • Also concerned with pre-referendum weaker data on wage growth
  • There's little that BOE can do "if we're talking about having an effect by the end of the year"

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The next Monetary Policy Committee Announcement is due August 4