A few comments from the Bank of England’s Charles Bean are hitting the screens at the moment. He says that the response to Q/E on the UK has been moderately encouraging and that Gilt yields appear to be 50-75 basis points lower than they would be without Q/E.
Also speaking is the Bank of Canada’s Deputy Governor Timothy Lane who is railing against the strong Loonie, saying that the current C$ strength is an important risk to the Canadian recovery and that a persistently strong C$ would reduce real growth and delay inflation returning to target.
Usd/Cad has added 20 pips from 1.0780 in response
