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"Our biggest trading partner is tearing itself apart without any obvious solution," says BoE...

"Our biggest trading partner is tearing itself apart without any obvious solution," says BoE Governor King at a press conference. He's confident the U.K. economy can get back to its pre-crisis path, but it may take 10-20 years. As for recent strength in sterling: "A weaker pound is a vital part of the U.K.'s rebalancing." Sounds like additional QE remains on the table in the U.K.
Comments (1)
  • He told the truth...10-20 years...for once a banker tells the truth
    16 May 2012, 07:32 AM Reply Like
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