BOE’s Sentance: No need to restart QE

It’s a central bank smackdown!

BOE hawk Sentance has just come off the top turnbuckle and laid a haymaker on arch-dove Andrew Posen.

Doing more QE would give the wrong impression on the state of the economy, Sentance says, reiterating his belief that the BOE should be pushing rates up to more normal levels.

Cable has bounced from 1.5720/30 support to 1.5770 in recent trade.