Yes folks, BOE gov Carney is still at it in front of the TSC

  • recent fall in GBP consistent with purchase of downside protection around EU referendum date but dangerous to interpret short term moves
  • element of referendum premium has come into GBP
  • PRA keeping abreast of contingency planning of banks

Common sense for the BOE to weigh up the consequences of Brexit so no great surprises here.

  • BOE can not be complacent over dangers in a sharp upsurge in borrowing by UK households in a low-rate environment
  • economy/households could still face bigger shocks, particularly from abroad

Household debt rightly on the agenda and BOE concerns are justified and notable.

GBP still largely unfazed by any of it with GBPUSD 1.4110 EURGBP 0.7797

Update: 11.58 GMT- Meeting is now finished. No further headers of note.