Forex Flash: BoE in closest decision in a long time – TD Securities

FXstreet.com (Barcelona) - The consensus forecast moved from "QE in November" to 35 out of 45 in Bloomberg expecting things unchanged. "As we laid out in our recentUK Quarterly, today's decision will likely be quite close, with the recent data strong enough to get some members considering keeping policy on hold, but the memory of having burned by a stronger spurt of data - when the BoE ended QE in May just to restart it two months later - still fresh in everyone's mind", said TD Securities analysts, expecting a £25bn extension of QE. "Furthermore, some BoE members have been openly questioning the effectiveness of further QE, and may think that more FLS-style programs would be a better solution to theUK's problem", they added.