[MARKET UPDATE] Risk off trade entering the market as US equity futures slip, alongside strength in havens (USTs and JPY), but gold remains steady; without fresh newsflow

BoE Governor Bailey (Q&A) says inflation expectations remain elevated for households and businesses; as inflation comes off, that will feed through into expectations, and that will give greater confidence MPC is on track and then take further steps

French President Macron plans to discuss strong EUR at the EU summit next week, according to Bloomberg

[MARKET UPDATE] Risk off trade entering the market as US equity futures slip, alongside strength in havens (USTs and JPY), but gold remains steady; without fresh newsflow

BoE Governor Bailey (Q&A) on why it didn't cut today, says MPC needs to see more evidence that inflation will sustainably return to target

BoE Governor Bailey (Q&A) says there is a tension that surveys show some signs of an uptick, but agents are more cautious; there is a tension there