BOE Holds rates unchanged in a surprise.
Markets were expecting a cut from 0.50% to 0.25%
- GBP soars 2%
- Gilts sell off
Full morning report HERE
Bernanke is telling Japan to use Helicopter Money
- suggests perpetual zero coupon bonds
- Yen has biggest weekly drop since 1999
- UK PM May appoints Boris Johnson as Foreign Secretary- Trump has competition it seems in the non PC department
- compared EU to Hitler, Clinton to mental hospital nurse
- said Kenyan ancestry affected Obama view of U.K.
- He referred to Africans as “picaninnies” with “watermelon smiles”
- London House prices at 7 year low now
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