BOE chief economist Andy Haldane in a scheduled speech 2 Dec

  • should not proceed too hastily with tighter policy as rates near zero lower bound
  • risks to BOE economic f/casts are evenly balanced
  • near term impact of sterling weakness on growth and inflation likely to be significant
  • further large persistent upward move in inflation expectations would be less benign and possibly unhelpfuil

Full speech here entitled "One Car, Two Car, Red Car, Blue Car"

He adds in his introduction:

"The title draws its inspiration from "One Fish, Two Fish, Red Fish, Blue Fish" by Dr Seuss, a children's book first published in 1960, whose use of simple language contains an important lesson for economists like me."

So it's confirmed then, all roads lead back to Dr Seuss!

Meanwhile GBPUSD 1.2622 with EURGBP on renewed euro pressure but UK gilt futures jump to session highs on the "should not hike too hastily" sentiments.

Haldane- Cautious over any hasty rate hikes