BOE governor begins his press conference 2 Nov

  • not where it is currently

Why concern? They've already said they see it peaking anytime now

  • these are not normal times
  • inflation unlikely to return to target without some increase in rates
  • Brexit will redefine UK relationship with EU
  • households are generally well positioned for a rate rise

Really Mark ?

  • interest rates are on of many factors to affect exchange rate
  • time has come to ease our foot off the accelerator
  • company balance sheets are generally in strong shape

Watch it all live here

Meanwhile GBPUSD has fallen back to 1.3100 after failing at 1.3130

Keep selling those rallies for the time being.