Forex Flash: QE in the UK still in progress? - NAB (Barcelona) - GBP was the under-performer on a quiet Monday session. As NAN Strategists note, "the transfer of gilt coupon receipts from the BoE to HM Treasury" undermined the currency. The bank suggests that such move "bolsters thoughts that QE is actually still in progress despite the BoE’s failure to raise the asset purchase target last week."