Bloomberg header. No further detail as yet

  • world is facing "very serious economic risks" inc that of Greek default and leaving the Eurozone
  • people " should not underestimate the damage that would do to financial confidence"
  • UK govt has taken steps to protect against such an eventuality

Seems to me he's once again setting up the safety blanket of excuse

Addressing parliament while the pound ploughs its way higher again and EURGBP falls through 0.7200