Gray: Quantitative easing to start again in Q3

Miton manager Martin Gray shares his thoughts on the currency markets and why UK interest rate rises are more likely to come in years, not months.

It has taken a decade for the European Union to accept the euro is flawed. The Greek economy became the first to be exposed to its failings against the Germanic core, to which each of its fellow currency-linked members must emulate. Having recently banned short selling, as the US did in 2008, Germany's stance is spooking the market. What do the Germans know that we do not? Perhaps there are much bigger issues about to come to light, akin to the Lehman ‘era'. No one wants to lend to anyone else, we have begun to witness that again in the eurozone with euribor trending higher. No one...