Reuters was first to report that the Bank of England had no intention of extending purchases of bonds beyond the previously set deadline, hours after it expanded the programme to include inflation-linked debt. The sterling fell more than a cent against the U.S. dollar to its lowest since Sept. 29 after remarks by Bank of England Governor Andrew Bailey.
Economy
Reuters reveals Bank of England stands firm on deadline for bond purchases; sterling slides to two-week low
11 October 2022, 1:45 pm 1 minute
Market Impact
The sterling fell more than a cent against the U.S. dollar to its lowest since Sept. 29 after remarks by Bank of England Governor Andrew Bailey.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Europe
Countries: England
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
