BOE presser now underway 11 May
– GBP’s depreciation caused by market expectations of material adjustment to UK’s medium term prospects as it leaves EU
– projected inflation overshoot entirely reflects effect of GBP fall since Nov 2015
Nothing of note as yet. Essentially a reading of the Inflation Report at this point
BOE’s Carney notes GBP appreciation and says it possibly reflects expectations of a smoother Brexit
