He says that they had previously had the presumption that the economy would evolve as they thought it would, which would have warranted a series of aggressive rate hikes and he also highlighted on the removal of the word "forceful" - which I highlighted here.
The headline remark has sent the pound to fresh lows with EUR/GBP hitting 0.8955 and GBP/USD just under 1.2270 on the day.
