“This sits with the tone we’ve seen recently from the Bank of England, where there was an absence of very dovish rhetoric,” Jane Foley, senior currency strategist at Rabobank International, said in the Bloomberg article. “The message is that there may be further asset purchases should the recovery stall but the data suggest that things are returning to normal. The market has quashed most of its hopes that there could be more QE.”
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Max Chen contributed to this article.