Intraday Market Thoughts

Archived IMT (2009.10.21)

by Ashraf Laidi
Oct 21, 2009 9:10

The BANK OF ENGLAND MINUTES from the September meeting due in 20 mins. Recall the minutes from the August meeting showed BoE Chief King in favour of boosting QE by 25 billion, more than the amount agreed by the majority on the committee. STERLING PUSHES HIGHER after BoEs King stepped up his warning for higher inflation, stating the rise in oil prices, the decline in sterling and phasing out of the one-off reduction in VAT. But King did hint over an extension of quantitative easing in November to counter the weakness of money spending.


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