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Carney presser begins... Reads through..........>

BOE
BOE: Carney presser begins... Reads through opening statement, highlighting
growth falling to its weakest pace since 2010. Brexit, politics dragging on
confidence and prompting households to build spending in spite of strong labour
market. Core inflation also slowing on top of lower energy prices.
- UK expected to return to growth, with global PMIs also a tailwind.
- Domestic confidence improving, with Brexit now a receding risk, according to
surveys.
- Very latest surveys suggest growth will pick up in Q1 to 0.2%.
- Businesses reporting sharp rise in investment intentions and lower uncertainty
boosting housing activity.
- Warns that it is still early days for the recovery - "caution is warranted".
- Renewal in trade tensions could reverse progress, Coronavirus a reminder of
the need to be vigilant.

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