Skorpio and pedro financial experts

[bigmc]

can you explain to me why quantitative easing hasn't devalued the pound

also if Greece default on their debts

how will that effect the UK economy

[denarii]

Maybe QE stopped the pound rallying... or maybe the UK economy just doesn't make sense because it us perceived to be a safe haven and has been sandwiched between bigger forces. Maybe those forces are now disippating and sterling will fall against the dollar.

Re Greece not much. An OSI restructuring would affect the ecb and european commission and but imf should be immune from it. I think uk is only exposed to euro commission

[BIG AL MCKECHNIE]

can you explain to me why quantitative easing hasn't devalued the pound

also if Greece default on their debts

how will that effect the UK economy

Because it didn't actually release more money into the economy. It merely allowed
the banks to strengthen their balance sheets and improve their lending to asset security
ratios. It sounds good but is just a government driven sound bite to please the uninformed masses and make them think things were going to get better.

[denarii]

Some argue QE reduces growth. By pumping up asset prices it incentivises business owners to speculate on financial assets and not go to the trouble and risk of investing in an operating business.

[bigmc]

Because it didn't actually release more money into the economy. It merely allowed
the banks to strengthen their balance sheets and improve their lending to asset security
ratios. It sounds good but is just a government driven sound bite to please the uninformed masses and make them think things were going to get better.

that makes sense

if it had been released then a devaluation of the currency is inevitable