BOE’s Dale: Says challenge for future will be pace at which we withdraw QE

Blimey BOE official talking about the eventual withdrawal of QE. Cable ticks higher, presently at 1.6650. EUR/GBP lower, flirting with psychological .9000.

Spencer Dale told Aberdeen’s Press and Journal “A challenge for the future will be the pace at which we withdraw the exceptional stimulus of the 175 bln pounds of quantitative easing the Bank of England has provided” adding “we will have to take things month by month while keeping an eye on inflation.”