What can £75 billion buy you ? The market rallied strongly on Thursday on the back of the surprise QE announcement but ran into selling on Friday with a doji candle showing indecision...either a pause or reverse so next week should be key.The size and suddenness of the announcement shows the concern with which the BOE views amatters,and in particular the gravity of the banks' situation...long-term charts not looking good imo....
Tech Talk for Tuesday July 8th 2025
20 minutes ago
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