BOE’s King: Increase in sterling effective exchange rate since mid 2011 is not a welcome development

Author: Gerry Davies | Category: News

Everyone wants a weaker currency. Reflective of the times we’re living in.

Cable down around session low, presently 1.5858. 200 dma at 1.5851.  It’s what I call the moment of truth….

  • BOE pursuing an “extraordinarily high” degree of monetary stimulus
  • Not fair to say BOE policy toolbox empty, constraint from fact economy has to readjust
  • UK economy needs more demand from rest of world to buy UK exports (good luck with that one sport)