Gilts are rallying on the 6-2 vote count that accompanied the BoE decision.
Yields are now down 4 bps to their lowest in a week as the committee voted 8-0 to keep the purchase plan unchanged.
- BOE KEEPS GILT PURCHASE PLAN AT 435 BILLION PNDS; VOTE 8-0
And you know what dovish (relatively in this case) central banks mean for stocks, right?
Why, knee-jerk higher, of course! Here’s the FTSE: