GBP/USD tests 1.1300 after BOE spokesman declines to comment on FT bond report

Dhwani Mehta FXStreet

Media outlets are reporting – citing sources – that a Bank of England (BoE) spokesman declined to comment on a Financial Times (FT) report about the central bank’s bond sales.

Earlier on, the FT reported that the BoE is further delaying the start of its sale of billions of pounds of government bonds it bought during QE, so as to help maintain stability in bond markets after it was forced to intervene during Britain's failed "mini-budget".

There is no official statement from the bank confirming any of the above.

GBP/USD has come under renewed selling pressure, as bears test the 1.1300 level. At the time of writing, the spot is trading 0.26% lower on the day at 1.1326, finding support from a broadly weaker US dollar.

GBP/USD: 15-minutes chart

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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