The issuance of Lehman Brothers and Goldman Sachs earnings yesterday also helped markets gaining some more strength in the United States, while the fall of Bear Stearns is still pressuring equities down, and the dollar is always the biggest loser.

Today, the Bank of England will announce their minutes of their of March meeting, where interest rate was held steady at 5.25%, and all expected that the votes will be 8 to 1, and the minutes will focus on the same things that the last statement said and nothing will be new, and we are just gonna have to wait for the next meeting and see what they are going to do.

In my perspective, the Bank of England usually takes decisions regarding interest rate smoothly, with no delays and just as needed to insure that the economy is on the right track, and yes we all know that the world growth has slowed down considerably, not forgetting the credit squeeze that affected the Royal land, yet I think that they are still one step a head of the crisis, and they are making wise decisions especially with high inflation levels and so far acceptable growth rates.

The outlook of the credits squeeze is not yet over and the complications of the crisis are still showing that we didn’t pass the danger zone, and as markets are preparing for a long weekend, well I think it is safe to say that market volatility and folly will increase to the max…