UK Miles says presumptuos to think QE in Feb is a done deal

Written January 27, 2012 at 11:04 AM EST by  
  • QE will hinge on forecasts
  • He adds that there is substantial spare capacity in the UK economy.  This will persist into the future
  • CPI is on a pretty steep downward path
  • Confident it wil fall as forecast
  • Would be no great surprise if the UK suffers technical recesssion

I don’t know why given the above statements it would not be extended but I guess he can have his opinion.

As fast as the GBPUSD went down, the pair has retraced 50% . The 200 bar MA  and midpoint of the days range is the next target.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn

No Responses to “UK Miles says presumptuos to think QE in Feb is a done deal”

Add a comment