BOE's Bailey: If outlook for inflation weakens, MPC will take whatever action necessary

Bailey's press conference:
Gilt yields are above 1% for the first time since Nov and sterling is at the highs of the day.
Ramsden:
There are a handful of hawkish takeaways from the Bank of England today. There's been a clear walk-back from negative rate talk as the economy weathers the pandemic better than anticipated.