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  • BoE's Fisher says may hold off on more QE: newspaper

    From reuters.com

    A Bank of England policymaker who has been one of its biggest proponents of more bond buying said in an interview on Sunday that the bank could hold off from pumping more money into the economy if its new forward guidance plan works. Asked if he had given up on the quantitative easing (QE) program, Fisher was quoted as saying in the Sunday Times: "I don't think the need to rebuild balance sheets has gone away. If forward guidance gives more confidence it may be we can hold off QE until it falters or something else happens." Britain's central bank has spent 375 billion pounds ($586.08 billion) on British government ... (full story)

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  • Post #1
  • Quote
  • Sep 8, 2013 10:37am Sep 8, 2013 10:37am
  •  Hudson
  • | Joined Feb 2013 | Status: Member | 12 Comments
Short GBP
 
 
  • Post #2
  • Quote
  • Sep 8, 2013 11:55am Sep 8, 2013 11:55am
  •  tigerbalm
  • | Joined Aug 2009 | Status: Member | 6 Comments
why short ?
 
 
  • Post #3
  • Quote
  • Sep 8, 2013 12:23pm Sep 8, 2013 12:23pm
  •  multi888
  • | Commercial Member | Joined Aug 2011 | 7 Comments
Yes, why short? No QE mean currency will strengthen...it should be a buy not sell. My 2 cents...
 
 
  • Post #4
  • Quote
  • Sep 8, 2013 1:00pm Sep 8, 2013 1:00pm
  •  Guest
  • | IP XXX.XXX.52.95
yup,same as USD tapering does'nt mean that USD is weak..
 
 
  • Post #5
  • Quote
  • Sep 8, 2013 1:31pm Sep 8, 2013 1:31pm
  •  buster48
  • | Joined Aug 2012 | Status: Member | 229 Comments
yes why short what are you thinking of?
 
 
  • Post #6
  • Quote
  • Sep 8, 2013 1:42pm Sep 8, 2013 1:42pm
  •  Anurag2800
  • | Joined Aug 2012 | Status: Member | 47 Comments
gbp short definately, gbp overvalued.
 
 
  • Post #7
  • Quote
  • Sep 8, 2013 3:01pm Sep 8, 2013 3:01pm
  •  Guest
  • | IP XX.XX.94.5
What do you think is the true value of GBP Anurag?
 
 
  • Post #8
  • Quote
  • Sep 8, 2013 3:18pm Sep 8, 2013 3:18pm
  •  Guest
  • | IP XX.X.145.73
Big gap up in GBP/JPY pre market, 100 pips. Check out www.xe.com also big gaps in AUD pairs as well for stronger AUD
 
 
  • Post #9
  • Quote
  • Sep 8, 2013 3:55pm Sep 8, 2013 3:55pm
  •  Guest
  • | IP XX.XXX.246.145
Agree. Short. Fisher is trying to tell the markets that they're wrong to push up short-term rates.
 
 
  • Post #10
  • Quote
  • Sep 8, 2013 5:57pm Sep 8, 2013 5:57pm
  •  Exodus
  • Joined May 2012 | Status: Baaa-aa-aa | 4,693 Comments
Quoting Guest
Disliked
Agree. Short. Fisher is trying to tell the markets that they're wrong to push up short-term rates.
Ignored
First sensible answer, thank you.

I am having a bit of trouble aligning British QE with American QE. American QE resulted in the QE money flowing into Brazil and other developing markets, the hint that tapering will start has brought it flooding back (strengthening the US$).

UK QE had the banks investing in other sovereign bonds, such as Spain and Italy. Anything that went to Greece has probably been lost in the haircuts.
 
 
  • Post #11
  • Quote
  • Sep 8, 2013 6:08pm Sep 8, 2013 6:08pm
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 3,897 Comments
If/when we break through 5750, 59++ comes into play with weekly 200 ema/TL retest.
 
 
  • Post #12
  • Quote
  • Sep 9, 2013 4:26am Sep 9, 2013 4:26am
  •  tigerbalm
  • | Joined Aug 2009 | Status: Member | 6 Comments
results : GBP is up today
 
 
  •  Guest
  • | IP X.XXX.225.157
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  • Story Stats
  • Posted: Sep 8, 2013 8:31am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 12  /  Views: 3,566
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