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
ZeroHedge.com
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%.

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