Pound Plummets, Gilt Yields Crash To All Time Low After Uberdovish “Kitchen Sink” BOE Announcment

Thursday, August 4, 2016
By Paul Martin

by Tyler Durden
Aug 4, 2016

All the speculation that central banks are putting the brakes on unconventional monetary policy and shifting to fiscal stimulus demands, were tossed aside this morning when the BOE launched what was been dubbed a “kitchen sink” response. As a result, sterling plunged over 1% while 10Y Gilts yields crashed to fresh all time lows around 0.65%.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter