The is a distinct possibility that the MPC could increase the QE programme designed to reignite the flagging UK economy following their February meeting. In the past announcements of further funds being made available have caused Sterling to weaken significantly.
A spokesman for BNP Paribas SA said that Sterling could fall by as much as 12% against the USD this year as deteriorating public finances, concern the nation's credit rating may be cut and political discord deter foreign investment.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment