Bank of England may extend its bond buying program beyond its cut off dates. Unattended consequences will be the rise in the oil price as BoE juices global equities and sells off the U.S. Dollar.

Chart 1

Chart 2

Bank of England's $11 Billion a day bond (gilt) purchases are now beginning to juice the broader market, which is essentially the BoE buying bonds and its own currency, thus selling the U.S. Dollar, as noted with the Chart 1 above.  Showing the Pound Sterling futures rallying (light green), the U.S. Dollar falling (candles) and the juice flowing over to equities via the Global Dow index (dark green line).  And according to FT, the English Central Bank is showing no signs of slowing down its bond and sterling purchases, very much like the deflation panic of 2020, except we have dysfunctional and broken bond markets with inflation breaking out everywhere.

The energy crisis is the most alarming, with Central Banks still sitting on relatively low rates, note Chart 2, showing oil picking up bids at $86 pb as the unintended consequences of BoE's bond buying program.  

It really does show the chaos of global markets.