Nov 12
UK: CPI and BOE policy- EUR/GBP at six month high
GBP continues to underperform pressured by speculation that the BOE will maintain its accommodative policy longer than other G-7 central banks and may elect to expand quantitative ease if inflation continues to decline. GBP has also been pressured by concern about rising UK government debt as the UK increased spending to try and boost the UK economy. UK GDP debt ratio is approaching 57%. The Center for Economics and Business Research (CEBR) says that the BOE may keep interest rates at the
