- Inflation will slow on job cuts, spare capacity
- BOE’s QE boosts assets prices and helps lift demand
- Hard to quantify impact of asset purchases
- QE impact on savers offsets by equities, corporate bonds
- UK’s safe haven status , along with BOE’s QE has lowered Gilt yields
- Domestic demand would have suffered had it not been for QE
Cable got a lift up to highs of 1.5956 on the back of these comments, with a UK clearer seen buying following the headlines.
