Special report: BOE Preview – Cameron’s Purdah Antidote
The Bank of England policy decision is due in just a bit and while no policy change is expected, there is still plenty of risk surrounding the event. Today’s meeting is all about Brexit risk and the BOE could very well use the Minutes as an opportunity to upgrade risks associated with an EU exit.
Next 24 hours: Systemic Risk and Exhausted Policy
Thursday was all about more risk off trade in markets. It seems participants are growing increasingly concerned that in the absence of effective monetary policy tools, mostly exhausted across the globe, any threat to market stability will be significantly more pronounced.