That should calm some nerves
Earlier Mike posted the possible market risk for the BOE's reverse auction for 15 year Gilts today. Those can probably be put to bed now seeing as it was well over what was expected and makes up for last week's shortfall. There was a cover ratio of 2.67.
At ease pound traders.
Update: I've just clarified the post as it originally reads like they did an actual £3.12bn in the auction. That was just the offers they received.
