DislikedG
The key will really lie in the QE that the BOE is embarking on. Frankly cable has NO fundamental reason to be trading as strong as it is. All the numbers clearly show the UK is in a deep recession/mild depression. Yet the Gilt purchasing program is bolstering the currency keeping it artificially STRONG since when the UK "eases" they actually plan to repay the purchases unlike when the BOJ or fed launches monetary easing.
In short the APF will keep purchasing the 3-7 year maturing gilts on mondays and the 15 year maturity giults tuesdays...Ignored
I have nothing to add.
Those who say it cannot be done should not interrupt those who are doing it