The Bank of England's Martin Weale, reported in the UK's telegraph says
- A surprise "pause in wage growth"
- Further falls in commodity prices
Has made the need for tighter policy "slightly less immediate".
- "The factors pushing down on inflation have become a bit more prolonged"
Weale is considered one of the more 'hawkish' of the Monetary Policy Committee (MPC) members, a change in view from him to more dovish is significant and should weigh on GBP.