Comments from speech coming out now

Adds:

  • Very little slack in the UK/US labor markets
  • Expects momentum in wages labor costs a pickup
  • UK labor costs is not consistent with 2% CPI goal
  • Need to see a bit more upward movement in wages to build confidence at labor market back to normal

The GBPUSD is trading at 1.4261. The price has traded as high at 1.4272 and as low as 1.4260 since the comments.