UPDATE: U.K.'S FTSE 100 CLOSES AT HIGHEST LEVEL SINCE AUGUST ON BOE

So much for fearmomgery!!??

And US Treasury yields are plunging (10Y/30Y near record lows)

As we detailed earlier, with BoE's Carney hinting at moar easing over the summer, cable is diving (plunging back down to a 1.32 handle) and UK Gilt yields plunged to new record lows at 87bps...

In context...

From Brexit...

As The FTSE 100 surges above Brexit highs...

However, while banks initially jumped (by index buying), they are dumping now as rates collapse and flatten - none more important than Deutsche...

And PMs are spiking

Of course, US equities love it...

But nothing else does...

Charts: Bloomberg