Bank of England rates and a chance of quantitative easing

The Bank of England will most likely today leave its benchmark rate unchanged at 50%, but I believe recent weakness in some housing metrics, sluggish growth, disappointing PMI trends and concerns about the slowdown in the US mean there is a 50/50 chance that they will reintroduce Quantitative Easing.
There is probably a realisation that the classic way to help an economy going through massive fiscal tightening is to allow the exchange rate to take the strain, and weaken.
More QE would inevitably be good for Gilts and bad for Sterling.