BOE MPC's Vlieghe with further comments 15 Sept

Cue another rally in GBP on the headline although nothing new in the statement.

The BOE have always said gradual rate rises would be the way of it.

GBPUSD 1.3570 from 1.3545. EURGBP 0.8792 from 0.8807

  • BOE message has evolved continuously over past year
  • I do not think anyone on MPC sees rates at pre-crisis levels
  • no sudden shift from Aug to Sept meeting

Try telling that to the algos.

GBPUSD still climbing back up and now 1.3578

BOE's Vlieghe - More than one rate hike possible

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