Risks, risks and more risks keep most of the hawks grounded

The pound has been stung by a dovish MPC and an inflation report heavy on warnings

Even with growth marked up for 2015 the worries on global and European growth as well as the level of the pound have kept a dovish slant to affairs

For the rest of the details it's pretty much standard stuff but the BOE members, including the governor, give a different slant in these despatches than they have previously in various public meetings

As traders that's what we have to live with. The market may have wiped any end of year rate rise off the board but it won't take much to get them back and bullish in the following few months.

Carney is just kicking off the presser now