- Particularly concerned about inflationary pressures
- Spare capacity should help keep inflation in check, but uncertain
Cable shoots back above 1.5500 on comments hitting the wires. Some seeing them raising spectre of early UK rate hike. Personally, as I’ve said ad nauseum, don’t see any rate hike in foreseeable future.
Here’s link to story. To think he was in Suffolk yesterday and I missed him. Drat.
