Stupid theory but possibly correct: people not closely following...

Stupid theory but possibly correct: people not closely following the BOE recent raise wording are looking at this announcement and thinking BOE just announced another raise as "tranche 2" to be done in early May. That was my momentary initial interpretation when I saw the announcement, because I hadn't read the specifics of the previous raise since I had no plans to take part (no dry powder) - but the "tranche 2" wording within the document was a little unclear and seemed like it might be referring to part of the current raise. Went back and had a look at the previous raise, tranche 1 = $92M and tranche 2 = $28M upcoming contingent on a vote since it's extra to the capacity they were already allowed.

Of course, I'm sure none of this is news to anybody in this thread, and it took me about 45 seconds of reading to confirm - but this misperception might legitimately be the reason we are red today, lol.