Good morning Team Rainbow. Stock markets fell away again last night, but the yen carry trade is proving to be remarkably resilient. Perhaps it will give in one almighty push lower. Today will be coloured by the interest rate statements due out from the BOE and ECB at 12 and 12:45pm respectively. The only other items on the agenda today is the UK industrial production figures at 9:30am and the US new home sales at 3pm.