The argument to extend QE is stronger after Q1's weak GDP data, says the BoE's Martin Weale. A...
The argument to extend QE is stronger after Q1's weak GDP data, says the BoE's Martin Weale. A trained economist, Weale surely knows GDP data is rear view window information (Q1 ended in March, it's almost May), and that GDP in one quarter is no predictor of GDP the next. Sterling moves along, +0.1% to $1.6171.
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