Bank of England official says $1 trillion in pension fund investments could’ve been wiped out without intervention
admin A top Bank of England official confirmed for the first time that worries that a…
Read MoreU.K. 10 Year Gilt
A Bear Stearns moment awaits if actions like the Bank of England intervention don’t calm markets, BofA analysts say
The Bank of England may have stabilized the U.K. bond market by aggressive purchases of…
Read MorePound climbs, gilt yields fall again on expectations U.K.’s Kwarteng will speed up debt-cutting plans
The British pound rose and gilt yields fell a second day after reports that U.K.…
Read MoreOpinion: Bank of England’s surprise move was smart – but the U.K. government still faces big challenges
The Bank of England’s surprise decision to intervene in the bond market by buying long-dated…
Read MoreMark Mobius: ‘Disastrous’ Brexit decision is hurting the UK during pound crisis
Emerging markets veteran Mark Mobius says the UK is now feeling the “disastrous” effects of…
Read MoreU.S. stocks rise as Treasury and gilt yields fall after BOE intervention
U.S. stock indexes on Wednesday turned higher, helped by a fall in Treasury yields and…
Read MoreGilt yields tumble as Bank of England to temporarily buy bonds
Yields on U.K. government debt tumbled after the Bank of England said it would temporarily…
Read MoreU.K. could trigger a global crisis as pound collapses while bond yields soar, Larry Summers says
““A currency crisis in a reserve currency could well have global consequences. I am surprised…
Read MoreBritish hedge fund manager says it’s too early to get bullish on sterling after successful bet against U.K. currency and bonds
“I don’t think you can start getting bullish on sterling.” That was Crispin Odey, notable…
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Opinion: Cutting taxes was the wrong way to reverse ‘the unfolding economic disaster that is the U.K.’–here’s what Liz Truss should do now
U.K. Prime Minister Liz Truss and her Chancellor, Kwasi Kwarteng, think they can grow their…
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