Barclays Wealth sees fundamental improvement in 2011
Michael Dicks, Chief Economist at Barclays Wealth believes the impact of quantitative easing will be modest. He said, “What is important about ‘QE2’ is that it is a sign that the Fed [US central bank] is committed to do whatever is necessary to ensure growth moves up a gear. But, given that it is accompanying fiscal ease, it entails risks - that long-term rates rise. The odds of another round of QE2 alleviating the UK’s problems are less favourable than in the US.