Quantitative tightening | 24 Noviembre 2022

24 Noviembre 2022, GBP/USD

Quantitative tightening

GBPUSD trading plan:

The Bank of England set out operational details of its plans to start selling some of the 19.3 billion pounds of long-dated and index-linked gilts which it bought from Sept. 28 to Oct. 14 to stabilise financial markets. The BoE is keen to sell in a "timely" way the bonds it bought to halt a fire sale of assets by British pension funds, which was triggered by a slump in bond prices after then-finance minister Kwasi Kwarteng's Sept. 23 mini-budget. The central bank had previously said sales would begin in the week starting Nov. 29, and that the volume sold would depend on demand from investors - in contrast to its fixed auction schedule to sell gilts bought for quantitative easing purposes.

Investment idea: buy 1.2040 and take profit 1.2105.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus