The L.C Group Reacts to SuperThursday

The real impact of Super Thursday?

The Bank now expects inflation to remain at around zero for at least the next two months, before rising to its 2% target at the end of the monetary policy committee’s two-year forecast period.

While a rate rise appears more distant borrowers for the crucial mortgage market should be preparing themselves. Signs that interest rates will not rise until next spring give borrowers a little more time to be ready for expected hikes at the end of the year hinted at by Paul Carney the B.O.E(Bank of England Governor) all though he did say that it was a personal statement not a declaration.

Navigating through markets,overloaded with contradictory policy can seem like a herculean task,the value of hindsight is lost when we enter in uncharted territories.The program we have available for this,has given us our best performing Quarter.

Don Merrick, Internal Operations

Where do we go or grow from here?

This is still just short term stuff that we'll trade everyday. Until the big levels above or below go we're still very much range bound.

Sentiment on Wall Street was weighed by continued low crude prices and expectations that the Federal Reserve was more likely to increase its interest rates next month.

The Dow Jones, meanwhile, dropped back just 10 points to 15,540.

Friday's numbers across the pond will make the week complete for the data centic to pour over this weekend but when September comes depending on the fickle Fed the writing will really be on the wall.