News from the Bank Of England

  • Risks to stability have risen with outlook challenging (especially from China and EM)
  • No actions warranted on buy-to-let mortgage lending
  • Alert of impact of rapid growth of buy-to-let (pro hiking in the BoE)
  • Alert to impact of heightened market volatility
  • House price inflation may pick-up in the next term

GBP/USD up since 9:00 am BST. Financial Stability Committee has released its quarterly meeting statement from September 23th.