Well I must eat my words of my previous post as the Bank Of England makes a U-turn and injects £10 billion into the market in an attempt to bring down short term interbank lending rates, see ft.com – BOE U-Turn
Mervin King will have some interesting explaining to do this morning in front of the Treasury Select Committee.
The other surprise this morning was the sudden departure of Jose Mourinho from Chelsea, see Mourinho departs Chelsea; the low crowd of 25,000 for their last 1-1 home Champions League draw with Rosenberg and their mediocre position in the Premiership is simply too weak a level of performance for Abramovich. No doubt Mourinho will move on the Real Madrid or Barcelona. The toughest job in football is vacant. Anyone interested?