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Quantitative Easing Likely in UK

Wednesday, 21 Jan 2009 | 5:00 AM ET

"The condition is dire," Charles Diebel from Nomura said on the UK economy. The Bank of England will likely resort to quantitative easing to help stabilize the economy, he added. Gold is doing well due to the uncertainty over the value of money, Charlie Morris from HSBC Global Asset Management told CNBC.