DislikedIt was always on the cards that the rates were not going to be increased. CPI might be running at 4% but the economy is too fragile for them to raise interest rates at this stage. The market was expecting too much too soon and the sell off was going to happen. The MPC are between a rock and a hard place. Let's see what the MoM bring!Ignored
When the news and the sell came, Cable which had been going up when everything else was falling (the clue - a bit like Red's compression), had a lot of ground to make up. A lot of ground to make up to catch up with the others if you know what I mean!