Interesting comment on CNBC (inserted between all the shills) on what the BOE said this morning. I was unaware of the details of their quantatative easing...I just knew they were going to start. They announced that they will be buying 75 Billion Pounds of government bonds as part of this policy which is supposidly way more then analysts were expecting AND...
...They were going to be purchasing them all the way out to the 30 year...not just the front end. To me, that means it will be a much longer easing policy then investors were expecting. This can only help the Pound shorts (me)...at least until more official news comes out.
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