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Bank of England press conference...........>

STERLING
STERLING: Bank of England press conference concludes and GBP slips to be the
weakest currency in G10 today. After initially rallying on the release (9-0
vote, hawkish R-star estimate cited), the rally faded as GBP/USD took out
various support levels before printing a low of $1.3016 - Carney's cautious
commentary in the subsequent press conference and slipping Gilt yields weakened
GBP further, with markets seemingly shrugging off any credence previously
attached to the R-star estimate.

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