Adam Posen, which was a consistent hawk, doesn’t support additional QE in Britain anymore. Only one member, David Miles, still supports a further expansion.
This surprise sent GBP/USD towards the critical round level of 1.60 which it had a hard time breaking twice in the past week. Will it make it this time?
Miles wanted an expansion from 325 to 350 billion pounds. Nobody called for a rate hike at this point, but such calls might come as early as the next meeting. Tucker already hinted that inflation is too high and should be tackled.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-moves-on-1-60-as-uber-dove-turns-hawkish/"]GBP/USD Moves on 1.60 as Über Dove Turns Hawkish[/URL][/I][/B]
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