After a six day winning streak against the US greenback, the pound's rally has run out of steam.

As Mark Carney has been giving evidence to the Treasury Select Committee the pound is down 0.7% on the day, at $1.3342.

Mr Carney had indicated to the committee that he would lower interest rates further if necessary.

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Mark Carney confirms that he has ruled out the use of "helicopter money".

That is, the idea that central banks create new cash and give it directly to citizens to spend on whatever they want. 

But fellow MPC member Gertjan Vlieghe says he is "not happy to rule anything out, including helicopter money".

Mark Carney has said that the Bank will release a "Market key" in two weeks detailing which firms have purchased bonds as part of its quantitative easing programme.

"What we want to avoid is people arbitraging this for the purposes outside the economy that doesn't do anything for monetary stimulus in this economy," Mr Carney says.

He says he hopes the report will contribute to issuance in sterling bonds.

Despite admitting he deserves some of the flak that has come his way, Keith Hellawell says his position is "not untenable". 

He says he "makes a valuable contribution" to Sports Direct, and that he hopes to gain support for his position over the next 12 months. 

Mike Ashley meanwhile says he admires his chairman's experience. 

"What we have got to do is keep the positives and focus on the negatives. In the end if I keep failing and keep failing and keep failing, it’ll be best for everybody if I go – but give me some time to see if I can fix the problems first," he tells the media.

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Mark Carney says that much of what happens to UK-focused asset prices will depend on the decisions Parliament take.

"UK-focused asset prices are going to be crucially important, and we all hope very much positively influenced by the major decisions that Parliament are going to take with respect to our relationship first with Europe and then with the rest of the world, and broader productivity and other strategies that are catalysed by this or are associated with this," he says.

The most notable thing Mark Carney has said so far is that the Bank of England's could still increase its stimulus package, according to Spreadex analyst Connor Campbell. 

"Carney said there was still scope to increase BoE stimulus package, though Kristin Forbes did temper expectations by reiterating that the bank’s tools aren’t limitless. This news didn’t have much impact on the FTSE or the pound this afternoon, though the comments arguably did firm-up the gains and losses seen respectively by both," he notes. 

Stepping away from Carney for a minute. The numbers from Sports Direct's AGM are finally in. 

Sports Direct chairman Keith Hellawell's re-election as chairman has not been approved by 53% of the retailer's independent shareholders.

The firm said it was disappointed by the outcome. 

"I take this clear message from our independent shareholders seriously, and I will do my best to address their concerns and earn their confidence over the next year.  I have confirmed today that should I not receive the support of a majority of our independent shareholders at next year's AGM, I will step down at that time with immediate effect," said Mr Hellawell.

Mark Carney is still being pushed on whether his rate cut and the Bank's bond buying programme will help banks boost their profits rather than help people who need to borrow money.

Mr Carney insists that is not the case.

"We do think we have it calibrated accurately and have got our incentives right. There should not be an issue with access to credit," he says. 

When the Bank cut interest rates by 0.25% in August, Mark Carney said banks would have "no excuse" not to pass the impact on to lenders.

Mr Carney says the Bank is keeping an eye on whether this has actually happened and notes five of the six banks, which account for most lending, have announced they will pass it on. 

And he says he's "highly confident" that the sixth bank will pass it on.