The Bank of England managed to surprise financial markets again this week, with the minutes of the August 5/6 MPC meeting showing a split vote to increase QE by £50bn
UK yields fall as BoE governor favours more QE
The Bank of England managed to surprise financial markets again this week, with the minutes of the August 5/6 MPC meeting showing a split vote to increase QE by £50bn
The euro was buoyed this week by a series of stronger than expected economic figures
In emerging markets, Eastern European currencies rallied on better figures from Germany, while concerns about China weighed on major South Asian currencies
Strong eurozone PMIs and an upbeat speech from Federal Reserve Chairman Ben Bernanke supported a large rally in bond yields into the end of the week
