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UK Economy Contracts in 4Q, BOE Mixed on More QE – GBP/USD

posted by Avatar FXTimes 119 days ago in GBP, Fundamental, GDP

With the possibility of a shallow recession on hand the Bank of England may feel pressed to expand its purchase of bonds in its quantitative easing program. Market participants' expectation is that the BOE will in fact increase the scope of its bond buying program, the main question then is by how much. The drop in GDP growth could reinforce those
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