Quantitative Easing and Exchange Rates

28 July, 2011


Speculation is rife that we will see the exchange of letters between Mervyn King and the Chancellor today at midday, relating to the Government’s plans for quantitative easing (injection of funds into the economy).

The effect on exchange rates is not yet known, although US Dollar exchange rates have worsened significantly this morning. Check back on this blog later today to find out the latest currency news.