BOE’s Broadbent: Vast majority of the fall in GBP is due to concerns over real economy

Additional comments hitting the wires from BOE deputy governor Broadbent, as he continues his speech on the exchange rate level.

Key Headlines via Reuters:

The vast majority of the fall in sterling is due to concerns about the real economy and not inflation

Weak productivity growth may underline an upsurge in public concern about inequality

BOE independence is not being seriously questioned