Sterling has appreciated, possibly reflecting market expectations of a more orderly brexit

Sterling depreciation caused by market expectations of material adjustment to UK's medium-term prospects as it leaves EU

MPC judges that monetary policy could need to be tightened by somewhat greater extent than very gentle path implied by markets in may forecasts

Monetary policy will respond in either direction to changes in economic outlook

While brexit will play important role, other factors will influence uk economic outlook

Economy is still growing solidly

This is going to be a more challenging time for UK households