UK’s King: UK needs more Bank of England stimulus as recovery is not assured

From Mervyn King, the Governor of the Bank of England (still! … but not for much longer).

GBP on its session lows – Bernanke having beaten it down.

King is giving his final speech as BoE governor tonight at the Lord Mayor’s Banquet for Bankers and Merchants of the City of London at Mansion House. The title of his speech is: A Governor looks back – and forward (link to full text is PDF)