BOE dep gov Broadbent now speaking on BBC Radio 4

He was on BBC 5 Live previously so obviously doing the media rounds this morning.

Listen live here

  • weaker pound also boosts profits of many companies
  • consumer credit only a minor part of household debt
  • recognizes a need for lenders to be more responsible
  • rate increases will be gentle

Ended his stint now but we can expect more jawboning during the session.

GBPUSD still going nowhere at 1.3137. EURGBP 0.9040

BOE's Broadbent- Let's hope those glasses aren't too rose-tinted