Morgan Stanley cuts forecast for QE next week

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They now see GBP 50 bln additional QE, down from GBP 75 bln.

Everyone’s all jazzed about the strong non-manufacturing PMI this morning from the UK but I’m not sure the BOE will be dissuaded from going the whole hog…

3 Comments

  1. I’ve just returned from my barber (long-time readers will know he’s the best economist in the UK) He tells me business sucks. That’ll do for me…..

  2. Gerry, is your barber the best leading indicator for Cable then? Short Cable because business is sucks?

  3. Alex 1288, he tends to be ahead of the curve, takes awhile for the market to catch up with his genuis. If I traded, and I don’t, I’d be looking to build a short cable position between 1.5900 and 1.6000 with stops close above there. Worth a shot. Cable trading is all about patience.

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