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

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%.

The Rest…HERE

This entry was posted on Thursday, August 4th, 2016 at 10:24 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.