Surprise surprise!superfrank wrote:Andrew Sentance is the only person on that committee with any credibility - and he is to be replaced by a Goldman Sachs banker. No prizes for guessing which way he'll be voting.
New Bank of England member votes to keep rates on hold
http://www.bbc.co.uk/news/business-13871449
Sterling trade-weighted index drops to 8-mth low
http://uk.reuters.com/article/2011/06/2 ... TH20110622
money printing = lower sterling = higher import prices = lower demand = money printing = lower sterling = higher import prices = lower demand = money printing = lower sterling = higher import prices = lower demand = money printing = lower sterling = higher import prices = lower demand = money printing = lower sterling = higher import prices = lower demand = money printing = lower sterling = higher import prices = lower demand = money printing = lower sterling = higher import prices = lower demand = money printing = lower sterling = higher import prices = lower demand = money printing = lower sterling = higher import prices = lower demand...Sterling fell to its lowest in eight months against a currency basket on Wednesday, as the UK currency fell broadly after Bank of England minutes showed policymakers were concerned about the growth outlook and some believed more monetary stimulus may be needed.