Bank Of England Move Shocks Traders But Look At Who Is Really Getting Crushed

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King-World-News-Fleckenstein-I-2252015-864x400 cOn the heels of the move by the Bank of England to  lower rates and increase QE, look at who is really getting crushed by the BoE’s move.

A portion of today’s note from Art Cashin:  The BOE Makes Its Moves – The Bank of England made a series of moves this morning. I will defer to my friend, Peter Boockvar of the Lindsey Group, who as usual has a quick and typically lucid analysis. Here’s a bit of what he wrote:

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Bank of England cuts rates for first time since 2009….