BOE: Now stand ready to conduct debt buybacks from November 7th week

The Bank of England (BOE) said in a statement on Monday, “we intend to resume sales of corporate bonds in the week of October 24th.”

“The BOE will now stand ready to conduct debt buybacks from November 7th week,” the central banks said.

Market reaction

At the time of writing, GBP/USD is 1% higher on the day at 1.1278, awaiting UK Chancellor Jeremy Hunt’s new fiscal plan. The UK Times reports that Jeremy Hunt is poised to announce that the energy price guarantee will only remain universal “until April”. It will then become targeted and capped.