Inflation Report presser Q&A now underway
- MPC has refined its view of the pound's impact on CPI
Carney still being very coy on sterling value
Asked by BBC's Robert Peston whether he regrets saying that rate hikes would be in sharper focus at turn of year Carney dodges and says he speaks on behalf of MPC
GBPUSD still trying to make its mind up around 1.5280. EURGBP nudging up again at 0.7119
- progress towards monetary normalisation has been mixed
- UK growth has ticked down to around trend rate
- UK economy has shown mixed progress
