Wednesday, October 20, 2010

GBP continues to fall against most major currencies

In anticipation of the public expenditure review of the pound continued to suffer against most major currencies. Chairman of the Bank of England's King at night noticed that some of the measures in the UK to combat inflation have been "very soft" and that there is a risk that weaker growth could push inflation below the Bank benchmark. Such a rating means Rast support additional quantitative smyagcheniya.Etomu there is evidence in the morning protocol MPC, although at this stage it is not significant. Assumption of the Acting Managing Director of NIESR Ray Barrell: the Bank of England there is no reason to do anything for the next three months. Future as a pound, and monetary policy depends on the reaction to today's review of the costs.

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