Since the day Carney was named BOE Governor I have been warning he would be dovish and the pound would weaken in Q3.

Carney has a big ego and will want to make a splash at the BOE.

He’s a man who can’t resist making a headline and now he has one with the pound tumbling 150 pips. That said, the idea of a statement is a good one and reduces the lag between the decision and the minutes.

Next up is the ECB at the bottom of the hour. Eurozone numbers have been mixed and the ECB has been slowly backing away from negative rates. One way for Draghi to hurt the euro would be talking extensively about using the OMT.