The grilling continues at the Treasury Select Committee
- UK can achieve inflation target over time regardless of being in or our of EU
The headline is nothing we don't already know and market is suitably unfazed with GBPUSD pushing a little higher as USD edges lower again.
- repeats that it is not the BOE remit to provide a comprehensive analysis. Not forming a view on the economic implications of leaving the EU
- can not provide blanket assurance that there would not be short term financial stability issues if UK left
- short-run financial stability issues would be associated normally with weaker short-term economic performance
What earlier on sounded a little defiant is now sounding a little limp.
GBPUSD currently 1.4245 EURGBP 0.7741 zzzzzzzzzzzzzzzzzzzzzzzzzzz
