Carney's Speech draws to a close, remaining headlines and a firm pound as the outcome

Bank of England Governor Mark Carney told a House of Lords committee that wage growth is gradually firming, particularly in the private sector, and that the inflation target remains fit for purpose. He also said the economy is nearer full capacity, which makes the pace of returning inflation to target a more conventional decision.

The pound was supported during the session while the dollar regained some ground.