quantitative-easing

The Bank of England today rejected a fresh bout of quantitative easing and kept interest rates on hold for the 20th consecutive month.

The Federal Reserve will pump $600bn (£373bn) into the US economy by the end of June next year to try and boost the fragile recovery.

CURRENCY VIGILANTES

The FTSE 100 opened positively in a week set to be dominated by a slew of US economic and political news.

The US dollar has sunk to a fresh 15-year low against the yen after the G20 nations pledged to avoid a currency war.

Ignis head of credit portfolio management Chris Bowie has liquidated more than £250m of subordinated financial debt across the group's bond portfolios.

Former Bank of England deputy governor Sir John Gieve says the UK should resist resuming quantitative easing, as the economic recovery appears to be persisting.

Bank of England governor Mervyn King last night warned of an unpleasant, "sober" decade ahead and hinted at further QE ahead of today's government Spending Review.

Former Bank of England policymaker David Blanchflower has warned the upcoming fiscal spending cuts could send the UK economy back into recession.

CURRENCY VIGILANTES