Bank of England Backtracks On Bailey's Three-Day Deadline.

#sterling #bankofengland #bonds #markets #UK #interestrates #pension #inflation

Today we will look at how the Bank of England has lost control of things as it has basically backtracked on Governor Bailey's comments at the IIF in Washington yesterday.

The conclusion here is that the Bank of England is out of its depth and is led by a captain who is known to be literally asleep at the wheel in times of crisis.

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