Is this the end of QE?
Discussion
http://www.bbc.co.uk/news/business-20972487
The pound has lost 30% or more of it's value versus many currencies since 2008, so is this the end of ZIRP?
The pound has lost 30% or more of it's value versus many currencies since 2008, so is this the end of ZIRP?
Depends entirely on what the other major currencies do in the way of QE and general economic f
k ups. Furter bad news on either front from, say, the USa or EU would mean we effectively have to re-join the race to the bottom.
Who knows where it may end, but never forget that ultimately, there's no reason why the Euuyore might not return to parity with the greenback that it started out with.
k ups. Furter bad news on either front from, say, the USa or EU would mean we effectively have to re-join the race to the bottom.Who knows where it may end, but never forget that ultimately, there's no reason why the Euuyore might not return to parity with the greenback that it started out with.
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