The Bank of England seem to have mixed views on how the current Quantitative easing programme is working out... as was well publicised and led to big gains last week BOE member Paul Fisher believes things are working it we may be set to draw a line under the QE programme however yesterday fellow member Adam Posen also a BOE policy maker told the Sunday Times in an interview that he believes the central bank should continue the QE because the financial system is yet to recover.
Any mention of further QE over the past 6 months has generally led to Sterling weakness so be vigilant for any announcements before the BOE minutes tommoror which could lead to large market movements dependant on comments.
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