Comments from the BOE's Vliegh:

  • UK current account is particularly exposed to loss of confidence due to 'institutional change'
  • Fall in currency has more positive effect on UK GDP than in emerging economies
  • BOE will not need to wait for first official GDP data after Brexit vote to assess economy
  • Both rate cuts and more QE should be on table if UK needs stimulus
  • Helicopter money not consistent with BOE mandate

Vliegh spoke earlier as well.