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You just never know what the Bank of England will do.
One month after central bank officials talked up an interest rate hike they didn’t deliver, they then delivered a rate hike they had but promised not to make.
Again, financial markets gyrated, with bond yields
TMBMKGB-02Y,
surging and the British pound rallying
GBPUSD,
One can focus on the implications of being the first major central bank to lift interest rates after the emergence of the coronavirus pandemic. Or, one can look at funny GIFs and tweets.
