BOE MPC Minutes: Insufficient price pressure to justify rate rise via ForexLive

• rate of UK growth may ease in Q4
• downside risks to UK growth probably increased
• sees increase in geopolitical risks
• MPC majority see vulnerability to shocks and household debt
• evident increase of volatility over Scottish referendum
• some see spare capacity as a less useful policy guide
• some see wage growth pickin up
• Pound strength continues to put downward pressure on inflation
• Eurozone weakness most significant development this month

Full Minutes here

Overall I'd say it's a bearish document and the market shares that view with cable now at 1.6295 from 1.6340 highs

posted via ForexLive