BoE accepts 3.120 billion GBP of offers in index-linked gilt purchase

Market news

13 October 2022

BoE accepts 3.120 billion GBP of offers in index-linked gilt purchase

The Bank of England (BoE) accepted 3.120 billion sterling of offers in the second daily purchase operation of index-linked gilts, Reuters reported on Thursday.

The BoE rejected 56.4 million sterling of offers in the same operation.

Market reaction

The 2-year UK gilt yield is down more than 4% on the day at 3.83% after this development. The GBP/USD pair was last seen trading at 1.1205, rising 0.9%. Meanwhile, market participants keep a close eye on headlines surrounding the potential adjustments to the UK mini-budget.

Currencies. Daily history for Thursday, October 13, 2022

Commodities. Daily history for Wednesday, October 12, 2022

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