News Formal

Pound drops more than 1% as Bank of England steps into bond market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Sterling fell more than 1% against the dollar and euro on Wednesday after the Bank of England said it would step in to calm the UK's frenzied bond markets.

The pound was on track for its biggest monthly fall since October 2008, just after Lehman Brothers collapsed.

UK financial markets have cratered in recent days after new Finance Minister Kwasi Kwarteng announced plans to slash taxes and ramp up borrowing. However, the Bank's intervention appeared to calm the market on Wednesday, at least temporarily. The yield on the 30-year benchmark gilt fell by more than 50 basis points at one point.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 2. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Bank of England Intervenes in Bond Market After Massive Sell-OffThe Bank of England will suspend the planned start of its gilt selling next week and begin temporarily buying long-dated bonds in order to calm the market chaos unleashed by the new government’s so-called “mini-budget.”
출처: nbcchicago - 🏆 545. / 51 더 많은 것을 읽으십시오 »

Bank of England seeks to stem bond market turmoilThe Bank of England sought to quell a fire-storm in the British bond market, saying on Wednesday it would buy as much government debt as needed to restore financial stability after chaos triggered by the new government's fiscal policy.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »