BOE MPC Shafik still conducting a Q&A after her speech

  • banks could cope with rates lower than 0.5%

Looks like she's trying to cover all bases

GBPUSD back near session lows at 1.5118

  • BOE's next move is likely to be raise rates

That's the current MPC mantra

  • EU membership has had real economic benefits
  • the more oil prices remain low the more they will drag on inflation
  • in a world where low oil prices persist then wage growth will have to more of the heavy lifting to get inflation on target

Blinding. Amazing where economics A level knowledge can get you nowadays. I think I'll apply for the next Dep Gov vacancy

Shafik -Not exactly blinding us with science but certainly less hawkish