BoE accepts 1.363 billion GBP of offers in daily long-dated gilt purchase
|The Bank of England (BoE) accepted 1.363 billion sterling of offers in the daily purchase operation of conventional long-dated gilts, Reuters reported on Tuesday.
The BoE rejected 47.6 million GBP of offers in the same operation.
Market reaction
The 2-year UK gilt yield pushed lower with the initial reaction and was last seen losing nearly 2% on the day at 4.26%. Meanwhile, the British pound started to gather strength during the American trading hours. As of writing, the GBP/USD pair was trading near 1.1100, where it was up 0.4% on a daily basis.
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