by Chris Gaffney
Daily Pfennig
Good morning and a Tub thumpin’ Thursday to you! You’ll have to take the conn on the tub thumping today as it is an infusion day for me. On top of that we lost power yesterday afternoon and it hasn’t been restored yet. So I’m attempting to get some notes to Chris using my iPad ,which is for the birds! My phone is a hotspot but the IT people have never been able to get it to connect with my laptop so…. Here we are I have a small light at my side as I struggle with the iPad.
Front and center today we have a Bank of England(BOE) meeting today. I fully expect the BOE to cut rates today in response to the BREXIT vote. But pound sterling traders aren’t on board with that call and the currency remains above 1.32 this morning.