BOE’s Saunders in testimony to the Treasury Select Committee 11 Oct
– short term ccy volatility should not be a concern to policymakers
– largest part of drop in GBP is due to adjustment of expectations for UK due to Brexit but not sole reason
Meanwhile GBPUSD trying to claw its way back above 1.2300 as EURGBP chews through 0.9030 bids/support.
BOE’s Saunder says he would hesitate long and hard before giving BOE any say on fiscal policy
