QE

The Bank of England should pump £50bn more into the "stalled" UK economy to kick start the recovery, according to MPC member David Miles.

GILTS

The Bank of England is to provide short-term sterling liquidity to the banking sector in anticipation of "market-wide stress of an exceptional nature" over the coming weeks.

The Bank of England's Monetary Policy Committee (MPC) today resisted calls to expand its quantitative easing programme and cut interest rates, even though the UK is officially back in recession.

Markets are at a major turning point which will see trading behaviour change dramatically for the first time in 25 years, according to MAM Funds' Gervais Williams.

Stephen Snowden has begun adding risk to Kames Capital's £330m Investment Grade portfolio after risk assets fell to "ferociously cheap" levels.

April UK retail sales have come in well below forecast as Bank of England minutes have revealed many MPC members are considering voting for further quantitative easing.

ON ASSET ALLOCATION

As the eurozone crisis continues to batter markets today, we highlight the five key challenges facing the continent.

Two top Japan equity managers are at odds over the country's prospects, with one declaring the "years of hurt are over" while the other forecasts "fiscal destruction".