The Bank of England has kept policy unchanged, sterling, on reflection, continued to decline

The Bank of England kept unchanged key interest rate and the size of the program quantitative easing during the next meeting. This decision coincided with market expectations, and therefore did not cause violent reaction. After some consolidation, sterling continued its downward movement. With respect to interest rates in Britain and the U.S. is not expected to start the cycle increases until the second quarter of next year. However, as the emergence of increasing evidence significant deceleration increases the probability of further use of incentive programs.
OECD published on Thursday a report which referred to the possibility for individual governments and the Central Bank to provide additional incentives. This primarily concerns those countries where incentives have already been made. As we know, Japan has gone to such measures, it is very tight and this is discussed in the U.S.. It remains Britain. However, Britain to expand the program, you should see a significant rise. This can be a negative value of GDP in the third quarter, or a sharp slowdown in inflation. Now it remains at a level exceeding the target values of the Bank's 3.0%, in addition, yields of 10-year bonds fell below the UK 3,0%, and hence there is no formal need for further increasing the demand for these securities.
Sterling continued its main trend of the day, decrease, after publication of the decision, bargaining at 1.5390 compared with 1.5470 at the beginning of the day. Reduction also occurs to a single currency to 0.8260 with the minimum of the day at 0.8207.

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