The Traderszone Network

Published in TZ Latest News 4 August, 2016 by The TZ Newswire Staff

Why Wall Street Loved What The Bank of England Announced Today

Following a handful of underwhelming monetary announcements by the likes of the ECB, BOJ and RBA, today the BOE’s Mark Carney unveiled his own version of Draghi’s infamous “whatever it takes” gambit, unleashing a kitchen sink of options that went well beyond what Wall Street expected, even quasi-copying Draghi’s phrasing, saying the central bank will take “whatever action is necessary” to ensure the UK economy remains strong.

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