BoE’s Pill: We will not sell gilts into a dysfunctional market
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Bank of England (BOE) Chief Economist Huw Pill said on Tuesday that they will not sell gilts into a dysfunctional market, as reported by Reuters.
“We are not running faster than elsewhere in reducing our balance sheet but our process is different,” Pill further explained. “As long as the market is an orderly repricing of fundamentals, quantitative tightening can continue.”
The British pound gathered strength following these comments. As of writing, the GBP/USD pair was trading at 1.0780, where it was up 0.9% on a daily basis.
[/s2If]
Join Our Telegram Group
