BOE's dep gov for fin stability and MPC member now into the Q&A session

  • says it's an "interesting question" how much further interest rates and yields will fall but neutral effect on debt sustainability if driven by lower growth prospects

May be just me but that sounds like the policy of a man/central bank that sees rough times ahead.

After all they have said on a number of occasions that one of the main reasons for any rate hike would be to give them room to ease again if conditions worsened .

Traders not bothered at the moment though with noses firmly in the trough that says "Short-Term".

GBPUSD back up through 1.4450 EURGBP down to 0.7741

Cunliffe- Not looking like a man with his glass half-full