The Bank of England governor Mark Carney released the Quarterly Inflation report on Wednesday morning followed by a Q&A session.
*Stimulus will need to be exceptional for some time
*BOE SEES UNEMPLOYMENT FALLING TO 7% IN QTR THROUGH JANUARY
*BOE SEES SCOPE TO KEEP 0.5% RATE AFTER JOBLESS THRESHOLD HIT
*BOE SEES CPI 1.7% IN 2Q 2015 BASED ON MKT RATE EXPECTATIONS
In the FX markets, Sterling is choppy following the latest comments: