FXstreet.com (Barcelona) - The recent deterioration of the EU debt crisis coupled with the slide in UK inflation numbers are paving the way for BoE's introduction of additional stimulus. Even though Layalee Ramahi, Strategic Manager at ICN.com, is worried that the UK inflation outlook has “the tendency to spiral especially depending on the impact of the Olympic Games,” she also expects more QE in July.

According to the analyst: “The extension that we expected into the latter half of the year is now due and likely to be seen this month rather than later into the year."