Wyn Thomas - Axys Investment Management

Weekly Market Update 10th August 2015

“SUPER THURSDAY” FLATTERS TO DECEIVE

This week much of the financial press got very excited about a triple whammy of data releases from the Bank of England, which published the minutes of the monetary policy meeting, the interest rate decision and its quarterly inflation report together for the first time. Ludicrously this got dubbed “Super Thursday” earlier in the week, but by the end of the day most commentators had remembered what boring documents these actually are. After the bank confirmed it would be doing nothing for another quarter, like the last 25 quarters, there was at least one headline bemoaning “Average Thursday.” Read More…..