Bank of England throws in the towel, rather than triggering interest rates, buys long dated gilts, prints money to mess with the short end of the bond market. Stocks and bonds all go bid, alongside the oil price. Total backfire. Central Bank lesson of how 'yield control' with inflation is dangerous.

(Chart 1)

(Bonus Chart)

The Bank of England throws in the towel and opts to buy 30 YR gilt (bonds) to manipulate the yield curve, thus causing the 10 YR gilt to be become bid and its yield dropped from over a decade high's.  Please refer to the chart above showing the overlay of the yield and price of the 10 YR gilt, as it runs inverse to price moves.  Also note the Pound sterling futures (yellow line) also went bid as the yield on the 10 YR drops.  This is essentially money printing, bizarrely into an inflationary malady which caused the U.S. Dollar to sell off as High Frequency Trading systems then bought sterling and depressed stocks, hence the global rally.

And the oil price went bid, to which I caught the swing trade back over 80$ a barrel. Refer to bonus chart.

Remember: key words "energy crisis".