BoE Sparks UK Stock, Gilt Rally

By Walt of The Heisenberg Report
Thursday, August 3, 2017 7:55 AM EDT

Gilts are rallying on the 6-2 vote count that accompanied the BoE decision.

Yields are now down 4 bps to their lowest in a week as the committee voted 8-0 to keep the purchase plan unchanged.

  • BOE KEEPS GILT PURCHASE PLAN AT 435 BILLION PNDS; VOTE 8-0

Gilts

Gilts2

And you know what dovish (relatively in this case) central banks mean for stocks, right?

Why, knee-jerk higher, of course! Here’s the FTSE:

FTSE

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