Market News International reports that the UK Treasury is downplaying reports of the Guardian story on quantitative ease. Quantitative ease is not something being planned now, has not been discussed with the BOE yet, but it is reasonable to be thinking about quantitative ease.
Net/net, it sounds like it is being seriously consider but is not a done deal yet.
In EUR/USD there are good two way flows with Russians reportedly buying but other Eastern Europeans selling ahead of the 1.3000.
