BOE governor Carney now taking his turn before the TSC 17 Oct
Ok folks, you've had the undercard. Now for the main event.
GBPUSD 1.3248 EURGBP 0.8874 and steady as he starts up.
- expect inflation to peak around 3% level about Oct/Nov time
- more likely than not that inflation will exceed 3%
Carney sticking with BOE latest inflation report projections.
- trade off between inflation above target and supporting economy
Ever thus Mr C.
GBPUSD down to 1.3240 on the lack of any hawkish tones so far
- depreciation of GBP the sole reason for rise in inflation
Part of the reason but not all of it, but yes at least UK now has an issue of inflation overheating compared to US and EU concerns.
