The session continues and moves to housing
- want to assess impact of potentially material govt tax changes to buy-to-let before taking any action
FPC's Taylor:
- we are expressing mild concern about buy to let
- may be that tax changes could cool buy to let without need for rate hikes
Nothing new in that comment but it does give less ammo to the rate bulls.
Carney refused to answer question when asked if GBP was over- valued.
Once again he's played coy/dumb when that subject is raised but he will welcome the TWI fall from 92 last summer without having to have done much to assist. Apart from deferring interest rate hikes of course.
GBPUSD still perky at 1.4240 with EURGBP still holding 0.7600 for the moment.
