Ashraf Laidi, Chief Strategist at CMC Markets said, "overall I think into next year, it's not so much that they're going to raise rates, it's really fading expectations of further QE that would provide the Pound with a decent base" (CNBC video after the jump).
Ashraf Laidi 12/14/2010 update via CMCMarketsPLC Channel
Related: Further Downside for Dollar/Norwegian, CMC Markets: Research and Analysis (NOK/SEK, USD/SEK, USD/NOK)
Reuters Insider Video: http://insider.thomsonreuters.com/link.html?cn=share&ctype=group_channel&chid=378367&cid=172497&shareToken=Mzc4MzY3OjljZDQ4M2I1LTAzNGYtNDc1Yi1hMDlmLTEyZWFlNzUyOGJkOQ%3D%3D&start=0&end=305
Ashraf Laidi's Outlook on British Pound Sterling, QE Expectations and UK Inflation (Videos)
12/14/2010 08:46:00 PM | via @Dvolatility |