More doom-and-gloom economic data out of the UK today, with house prices falling and shoppers staying at home. This will increase the possibility of QE3 happening sometime sooner rather than later, especially given the comments by the BOE’s Weale last week. Analysts still seem to be hedging their bets however, with the few I’ve read so far this afternoon still expecting the BOE to sit on it’s hands until early 2012.
EUR/GBP has made a fairly sizeable move higher in Asia, up over 0.5% from this morning’s open.
