BOE's Haldane says MPC need to look seriously at raising rates

BOE's chief economist Haldane talking to BBC Wales 29 June

we are happy with where rates are for now

"We need to look seriously at the possibility of raising rates to keep the lid on those cost of living increases.

For now we are happy with where the rates are, we need to be vigilant for what happens next"

Algos take cable up to 1.3007 on the headline. Now back to 1.2991. Another good chance to sell imho but now we have the added spectre of Carney talking to BBG in just over an hour.

Haldane seemingly just repeating his comments from last week.

He was speaking at a trip to Wales in a tour that is part of the Bank of England being more proactive in finding out what financial issues people are facing across the UK.