The markets are disappointed. It was expected that the Bank of England would usher in a new wave of Quantitative Easing (QE) at its most recent meeting, yet this was not the case. Mark Carney has surprised many investors, sticking to the data and stating that no significant impact can yet be seen from the recent successful Brexit vote.

The fact is that the market is simply overreacting. The UK was and is going to remain one of the largest economies in the world. This economic powerhouse, although currently facing extreme uncertainty, is not going to disappear overnight.

Despite the jawboning from EU officials, and fearmongering from the bitter who lost in the recent referendum, countries are going to continue to trade with the UK and are going to continue to want British pounds.

The pound, although a fiat currency, deserves to go to zero just like all other fiat currencies. But it has not deserved the beating it has taken when compared to all other fiat currencies in the world.

Granted, if you were one of the wise, who had the foresight to move a portion of your wealth into precious metals ahead of time, then you would have seen stunning gains in the recent weeks, rapidly increasing your wealth.

Although there is not to be any QE at the moment, fear not! The Bank of England has not ruled out delving once more into this dangerous pus-ridden pool. They have openly stated that a QE package may be announced early next month if data indicates that the British economy is beginning to ACTUALLY tank, proving the current speculation correct.

If this does occur, then they have said they have a number of options to use. These include, but are not limited to, rate cuts, bond re-purchasing, extending purchases to corporate debt, and boosting the supply of credit to households and businesses via ultra-cheap credit.

For those of you that were hoping that the BoE had turned over a new leaf and was going to do what was right, sorry to tell you – you were wrong. More of the same is to come, especially since they are already preparing for this scenario and expect it to play out.