Reply To: Cable Pounded Again After Indecisive Bank of England Statement


UK 10 yr Bonds #Gilts Day highs +13 bps at 4.39%.
BOE plans to sell gilts next week,

BOE chief economist Pill says:
We will not sell gilts into a dysfuncational market
As long as market is orderly, repricing of fundamentals can continue
We are not running faster than anywhere else in reducing our balance sheet, but process is different

UK 10s are still near the highs of the day, up 13 bps to 4.39%.
The UK press is noting that’s higher than Greece and Italy as the pressure ramps up on Kwarteng.