Article in WSJ

That's tipped the quid over

  • Upside risks to wages haven't disappeared but have been pushed further out
  • Brexit has only had a limited effect on business confidence
  • BOE is not out of ammunition if it needs to stimulate the economy in case of downturn
  • Inflation pressures in the UK have receded
  • UK economy is still broadly healthy
  • Still expects solid growth in consumer spending
  • Use of negative rates is a possibility but would depend on economic circumstances
  • Still expects next rate move to be up

These are quite dovish comments from the man who jumped the hawk ship at the last meeting

GBPUSD trades at 1.4426 from 1.4475 minutes ago

The full article is here (ungated)