BOE’s Sentance on the newswires

Written September 17, 2009 at 9:07 AM EST by  
  •  BOE WILL NEED TO ASSESS QUANTITATIVE EASING AGAIN IN A FEW MONTHS
  • CHINA MAY BE HELPING ECONOMY MORE THAN EXPECTED
  •  GLOBAL ECONOMY MAY BE TURNING AROUND MORE QUICKLY
  •  DATA HAS BEEN MORE POSITIVE IN PAST MONTHS
  •  CONSTRUCTION SEEING SOME SIGNS OF IMPROVEMENT
  •  CAR INDUSTRY HAS SEEN LARGE DROP
  •  THERE’S A LOT OF CONCERN ABOUT RECOVERY PACE
  •  SEES SIGNS ECONOMY STARTING TO STABILIZE

The comment on QE has the market a little uneasy on the downside.  Increase QE is viewed as bearish for the currency.

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