Boe/Mpc later. Consensus seems to be that they will leave rates and Qe on hold 0.5%/£200bln. Unlike U.s Uk's 3rd Qtr GDP was stronger than expected after Q2's very strong Gdp and recent surveys have been encouraging. The mpc under the chairmanship of M. King are conservative in nature and will probably want to see how things unfold before more Qe, this remains the greater probability, however stung by round critisism of their handling of the 2008 financial crisis etc, re being slow to act etc they may want to get in early with Qe to offset the austerity measures announced by the coaltion govt here in Uk recently, that will effectively take £80bln out the economy ,? so some talking heads are 'talking this up,' but my guess is that it is not the greater probability this time around, particularly with inflation above target (unlike the U.s). No statement issued last time, so will be interesting to see if they do this time, or whether we will have to wait for the minutes of the meeting for more clues.
Finishing my trading session here but will be back for 1/2hr around that release.
G/L
Finishing my trading session here but will be back for 1/2hr around that release.
G/L
ex member
