BOE dep gov Broadbent now speaking on BBC Radio 4
He was on BBC 5 Live previously so obviously doing the media rounds this morning.
Listen live here
- weaker pound also boosts profits of many companies
- consumer credit only a minor part of household debt
- recognizes a need for lenders to be more responsible
- rate increases will be gentle
Ended his stint now but we can expect more jawboning during the session.
GBPUSD still going nowhere at 1.3137. EURGBP 0.9040
BOE's Broadbent- Let's hope those glasses aren't too rose-tinted