Concerned that the pound could not circumvent the maligned dollar over the past 24 hours. This undoubtedly was a reaction to the relentless flow of negative news during the first half of this week, and a growing sense that the MPC will independently consider additional quantitative easing in the near future. Yesterday's news was very depressing, inflation remains troublesome level of 3%, trading conditions are still deteriorating consumer confidence falls sharply, and house prices falling across the country. Purchasing power of households becoming worse and worse and it is still before the government began to reduce core costs. Cable marking time around 1.59 since the beginning of trading in London, the pair EUR / GBP above 0.88. In the short term light at the end of the tunnel for the pound is not visible.
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