BOE governor still up in front of the Treasury Select Committee 24 May 2016

  • refutes and rejects and says he is stunned by the question

TSC member asked Carney whether he would like to take the opportunity to refute any allegations that his comments on Brexit may have a link to his former employer paying into the Remain campaign fund.

Now there's one for the conspiracy theorists.

  • range of options for BOE can be considered before it gets to negative interest rates or other extreme policies

Weale:

  • MPC would look at rate cuts and QE as a means of stimulus if they were needed
  • would not rule out other forms of policy

GBPUSD shrugging it all off and breaks up through 1.4610 but stalls at next line of res/offers at 1.4625. EURGBP still having its influence as it breaks down through 0.7650 for a near 100-pip drop on the session so far.