Pound Morning so Far – Cable lost some 0.5% in making a low of 1.3198, which is the lowest level seen since last Thursday. The pound also came under pressure versus the euro and yen, among other currencies, with BoE Governor Carney less hawkish and some Remarks by new BoE MPC member revealed himself as a dove. Testifying before parliament, Ramsden expressing a benign view on inflation, anticipating lower y/y rates as exchange rate base effects drop out of data, noting that there has been little sign of second round inflationary effects and that inflation expectations remain “well anchored.”
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