This week's lessons were not new. They were reminders....
1. Central bankers are politicians
The Bank of England flip flop culminated anti-climatically into no action, an acknowledgement of a softening in growth and inflation data, and yet another reminder from Mr. Unreliable that the rate hike was still coming, this year, m'kay...?
Mark Carney only has 13 months to go at the BOE and then he can be shot of this carry on. Is it any . . .