UK u-turns, soaring CPI, short-squeezes, endless FedSpeak, and Putin pontifications... what a week...

Amid the chaotic headlines from the UK (and the apparent end of BoE's pension fund bailout), cable ended the week marginally stronger (though dumping today)...

...but gilt yields were notably higher after an ugly selloff today into the UK close (30 Gilt yields rose 60bps from their lows today)...