BOE members still testifying to the Treasury Select Committee 21 Nov

  • unlikely to happen in the near future

Cunliffe:

  • BOE has previously said that it would not consider reversing QE until rates hit 2%
  • we are a long way from that

Nothing new but a timely reminder for those who still think hikes or QE tapering is around the corner

GBPUSD 1.3231 from 1.3227 fresh lows .EURGBP still climbing higher at 0.8871

CBI industrial orders data out at 11.00 GMT