Negative headlines and hard evidence Fisher doesn’t understand the role of bank capital:
HIGHLIGHTS:
U.K. Manufacturing Contracts Most in More Than Two Years
Fisher Says Bank Capital Levels Should Reflect Tail Risks
U.K. House Prices Decline the Most in 10 Months, Nationwide Says
Quantitative Easing Prospects Rise as UK Growth Forecast Cut
BCC Lowers U.K. Outlook, Pushes Back BOE Rate-Increase Forecast
Continued Stimulus Is Not Called for, Sentance Writes in the WSJ