It has now been just over a week since the EU referendum resulted in a shock exit outcome which caused the pound and stock markets to plunge. While UK and global equities have since roared back, due, in part, to “bargain hunting,” surging commodity prices and the promise of more stimulus from central banks, question marks remain over the ability of the markets to sustain their gains. Meanwhile, the pound has remained near its post-Brexit lows. Investors clearly now expect the Bank of England to either cut interest rates further and/or expand QE in an attempt to counteract the potential near-term negative implications ... (full story)