Not to be out done by the Fed, We will keep printing GBP and Euros too

The Centre for Economics and Business Research said today that the Bank of England will soon increase its emergency bond-purchase plan by 100 billion pounds ($160 billion) to aid the economy as the government cuts spending. Read the Bloomberg article here.

European Central Bank President Jean-Claude Trichet went out of his way to rebuke fellow ECB member and Bundesbank leader Axel Weber's call to end the ECB's bond buying program. Asked by reporter about the remarks, Trichet responded with “No! This is not the position of the Governing Council, with an overwhelming majority.”  Read the Bloomberg article here.