BoE - The First to Blink

That didn’t take long. After watching the pound drop below its 1985 all-time lows, the Bank of England decided 10.1% inflation isn’t that big a deal after all. This is disastrous policy piled on top of disastrous policy. But, it was enough for the pound to recover – at least for now.And, because if one central bank can blink they all might, it was enough to jolt futures back to green after they sank below their June lows.