BOE governor Carney still up before the TSC 24 May 2016

  • BOE would not stand in the way of necessary adjustment in GBP exchange rate after Brexit
  • main steps in ensuring orderly markets are extra liquidity auctions previously announced

In a nutshell, don't expect them to step in and halt any rapid fall in the pound. Or indeed I can't see them capping a rally either.

Meanwhile GBPUSD down to 1.4603 as EURGBP climbs back up through 0.7650