http://gainspainscapital.com/2016/08/04/bank-england-just-issued-massive-warning-listening/
The Bank of England cut rates by 0.25% today and expanded its QE
program to 60 billion pounds (including the purchase of corporate
bonds).
This is the first rate cut for the BoE since 2009. And it, combined
with the launch of QE, is an implicit indicator that Central Banks are
losing control.
The British pound collapsed on the news, forcing the $USD higher.
And this is a HUGE problem.
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