Bank Of England's Move Today Was A Bend The Knee Moment

<p>"Short-term, we are seeing a resetting of expectations across various asset classes. The move by the Bank of England or BOE today was a bend the knee moment as the pressure is too great on central banks. The Federal Reserve continues to be strong in their message since they still anticipate that interest rates will go higher. On the other hand, England is dealing with BREXIT and the prime minister shift," says Dan Deming.</p>