BOE’s Bailey: Optimisitic UK rates will fall further, need more evidence

Need to see residual inflation pressures disappearImperative that UK improves its current potential growth of 1.2-1.3%

More to come

GBP/USD has slackened to 1.3250 after touching above 1.33 and the highs of the year.

This article was written by Adam Button at www.forexlive.com.