By Chris Becker
Markets last night were hinging on the release of new QE by the BOE as the not-in-Europe anymore central bank handed down a rate cut and some other measures to “cushion” the upcoming Brexit. Not quite a bazooka, but enough to dump Pound Sterling and push the FTSE to new heights. Actually, Brexit has been great for British stocks!
In other areas, oil spiked again doubling on its breakout previously, which pushed US stocks up a little, but there has been little movement in risk as we all await tonights monthly employment report – the NFP – from the US.