09 October 2009

QE may be extended again

The currency exchange market, financial markets and other City institutions are speculating about the next moves to be taken by the Bank of England and the Monetary Policy Committee.

It has been indicated that they are to extend the QE programme once again - after having shocked the financial community by extending it in August.

Back then (and since then) it has been hoped that the UK economy would improve sufficiently so that this would no longer be needed. However, the latest data and figures would suggest the opposite is true.

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