That’s Adam Posen. Latest BOE minutes out later this morning, and we’ll see whether anyone at the MPC joined Mr Posen in calling for more QE.
If anyone did, then that would most probably be a negative for sterling.
Cable still struggling to break above 1.5750, where we yesterday told you “smart” types were on the offer.
I’ve just got a feeling in my water, they’ll not be looking so smart at the end of the day. We’ll see.
Also out:
08:30 GMT: PSNB for August expected 11.4 bln, PSNCR expected 7.0 bln.
