Damn

4am my time futures were up 70 now down 25

I still expect a little morning run, but any good weakness I'm looking to chase to dump my shorts.

Though I have some fantasies about the unwind of all the weak dollar plays today...

I mean the dollar is back to 1.459... which is off it's lows.... but the BOE does help Libor.

hmmm... if we don't cut... that could do more to reduce the spread than cutting.??

I don't know.