GBP review

Quotes from RBC Capital Markets:

-GBP: The TSC testimonies were somewhat of an anticlimax with little impact on GBP. The BoE's Weale (who is amongst the most hawkish members - seeing the decision on holding rates vs. hiking as finely balanced "rather earlier" than markets anticipate) also said the risk of a fall in GBP because of concern about the balance of payments remains substantial.

-All present MPC members (Carney, Broadbent, Weale, Miles) denied they were the ones who saw a 50/50 chance of easier policy leaving our UK economists assuming Haldane is now likely the dove.