Reuters - Generally when you go into a testimony like today, the market will be slightly disappointed about what they say and you'll see gradually rate hikes that are priced start to be taken out of the market. If anything, for sterling that'd be negative. Central bankers are trying to talk up concerns about inflation because they don't want expectations to feed into wages but given how much economies are slowing, particularly the U.S. and the UK, they would much prefer to hold off on rates and let the natural slowdown in the economy do the work for them.