Tatiana Dementieva
The probability of the Bank of England taking some quantitative easing steps is getting higher. Another MPC member David Miles supported the steps.
Mr. Miles is sure than QE2 will manage to support the UK’s economy, saying that the MPC has enough funds to implement the plan.
FOREX.
GBPUSD keeps rallying. According to the Department of Masterforex-V trading system , the closest levels of support are the MF pivot 1.5558 and the MF sloping channel (as shown below). Once the high 1.5715 is overcome, the price will start wave C(C ). The closest resistance is 1,5746.
Tatiana Dementieva
