SCOREBOARD: Rates forerunner

It was a quiet night on offshore markets as investors awaited tonight's ECB and BoE interest rates decisions.

With the US celebrating their supposed independence (freed from Britain, enslaved by Wall Street) and nothing really coming out of Europe, it was a very quiet night on ye olde markets and trading was very thin. That may improve tonight if the ECB pulls out some magic and either cuts rates or conducts another LTRO. Here’s hoping they don’t but I think the consensus is that they’ll cut 25bps.

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