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BoE Governor King continues to lay the groundwork for further QE, telling Parliament he's...

BoE Governor King continues to lay the groundwork for further QE, telling Parliament he's "struck" by how much things have deteriorated in the last 6 weeks. "Pessimistic," and "particularly concerned," make his testimony as well. This month's vote for more QE was 5-4 against. Look for that to be reversed in July.
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