More QE unlikely to boost economy: Schroders' Wade

Schroders' Keith Wade says the US and UK are increasingly likely to see another round of QE, but he questions whether it will bring any immediate boost to the sluggish economies.

Wade, the group's chief economist, says the correlation between risk assets and QE, which was apparent in 2009, has returned. "We have come a long way since the beginning of the year when the talk amongst policymakers and investors was on how to unwind the stimulus put in place during the financial crisis - the so called 'exit strategy'," Wade says. "Purchases of bonds did come to an end in the first quarter of the year, but now look set to resume in coming months. "Markets are moving in anticipation of the impact with investors pushing down the value of the dollar and US treasury ...