FTSE100

In a dramatic policy U-turn, the Bank of England is resuming gilt purchases. This provides a potential exit door to the nascent UK financial crisis, though this may require the Bank to go even further. Nevertheless, an inter-meeting rate hike remains unlikely despite ongoing concerns about sterling weakness. Much needed relief for the gilt market: Better ...

Whether it be US data surprising on the upside, the US administration showing no concern at all with the strong dollar, or new chapters in the energy war in Europe, it looks like all systems are go for the dollar rally. Trying to pick a dollar top in the current climate is an exercise in futility. The dollar is clearly in the midst of a very powerful rally ...