GBP continues to struggle on BoE's McCafferty comments

GBP remains under pressure in early Asian trade, following BoE's McCafferty comments in an op-ed in the Times, noting that bank rate can be cut further, closer to zero, and quantitative easing can be stepped up.

Headlines (Bloomberg)

Bank of England should follow gradual approach

Difficult to determine right amount of stimulus

Info on bb is limited

Prefer to learn as we go         

Headlines (Reuters)

If economy proves to have turned down in line with initial survey signals, believe more easing likely to be required

Bank rate can be cut further, closer to zero, and quantitative easing can be stepped up