It's not Independence Day, but Forward Guidance day in the UK today. The FTSE saw some dramatic gains off the back of the Bank of England's statement, accompany today's Monetary Policy Committee decision.
Today = biggest one-day rise in the FTSE 100 since November 2011. Up 3.1% - the equivalent of £49bn. The markets seem to like Mark Carney— Ed Conway (@EdConwaySky) July 4, 2013
New governor Mark Carney released a statement that said forward guidance is on its way (itself, a sort of forward guidance). Markets had priced-in a rate hike this Autumn, but that's now off the cards, and the dovish message has sent equities higher.