Bank of England with a brief statement after yesterday's disappointing reverse repo
I highlighted the fact here earlier and yesterday's shortfall sent 10-yr gilt yields to a record low.
- BOE will incorp £52m shortfall from yesterday's uncovered operation within H2 of the current 6-mth purchase programme
- details of these purchases will be announced on 3 Nov
Don't hold your breath then, but the lack of take-up will be of concern to the BOE and not exactly a vote of confidence in the pound.
Next out from the BOE:
Agents' Summary of Business Conditions, August 2016 Update at 08.30 GMT
The report caused a flurry of action last time round so caution advised
Bank of England endeavouring to calm markets still
