Today news
About the same in other media
Bank of England intervenes to buy bonds amid pound chaos: ‘It looks pretty ugly’
Reading now: 697
fnlondon.comThe Bank of England will intervene in the market chaos engulfing the pound, with a plan to purchase long-dated UK government bonds from 28 September.
The central bank warned on 26 September it would take action following a widescale selloff on the pound, pushing the currency to record lows, on the back of the Treasury’s £45bn tax giveaway in the 23 September mini-budget, which prioritised a lift for the wealthiest.
“The...
Read more on fnlondon.comAbout this in other media
Pound falls sharply against dollar after Bank confirms bond-buying end date theguardian.com /2 years ago
Why the Bank of England is struggling to calm markets fnlondon.com /2 years ago
Bank of England expands bond buying to avoid ‘fire sale’ theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![How Ethereum [ETH] is faring amid reshuffled demand](https://finance-news.co/storage/thumbs_400/img/2022/10/1/43204_zv3la.jpg)
