Bank halts QE as expected

28 July, 2011


The Bank of England has decided not to extend is programme of quantitative easing (printing of money), as expected, at its monthly policy announcement today.

The move is widely seen as positive for sterling, and was ‘priced in’ over the last week, resulting in better exchange rates across the board for sending money overseas.

The next major data out in the UK is not until Tuesday’s industrial and manufacturing production figures.