RBC: Bank of England could give to pound an unpleasant surprise

According to analysts of RBC, Bank of England could give to pound an unpleasant surprise. If the Central Bank indicate the likelihood of further action under the policy of quantitative easing has already been allocated in excess of 75 billion pounds, it will exert strong pressure on the British currency. With respect to other currencies, the bank noted that in anticipation of the ECB rate decision on euro was under pressure. RBC Analysts expect the ECB to cut rates by 25 bp up to 1% and will not announce the introduction of quantitative measures or programs to ease credit conditions (similar to the UK and USA), limiting that would extend term refinancing operations.