Apparently it was all fun and games on the release of the Bank of England minutes. On release cable rallied from around 1.6460/65 to 1.6492 as traders wrongly construed that the 6-3 split meant 3 MPC members had been against further QE.
Then they quickly realised the 3 had infact wanted even greater QE and we were off to the races with cable plummeting.
Blink, and you’d have missed it.
