Quantitative easing crushes UK pound [1]
PressTV.ir
Tue Jul 31, 2012 5:3PM GMT
The British pound has slumped more than a cent against both the euro and the United States dollar after the Bank of England (BoE) decided to print more notes to counter deflation.
The BoE’s Monetary Policy Committee (MPC) decided to inject an extra £50bn into the British economy. However, two members of the MPC believed that the British economy needed a much bigger boost than the £50bn injection confirmed.
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