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MNI View: BOE doesn't sound too concerned about the market after it steps away

BOE
  • The BOE comments at 10:30BST are further confirmation that the intention is that the Bank will not purchase beyond the end of the week - and reaffirm Bailey's comments from last night.
  • The key part in here is that the BOE has said that anecdotal evidence shows some modest spillover effects from pension fund asset liquidations, but no direct signs of stress.
  • So that suggests they aren't too concerned about what will happen to markets when they step away.- GBP has moved stronger on these comments.
  • The CCyB being unchanged was a decision made on Sep 30 so probably can't read too much into that part of the statement as being so current - and is of less importance to macro markets anyway.
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