Comments from Bank of England MPC member Bean:
- Sale of QE gilts may put upward pressure on yields
- Low volatility in financial markets eerily reminiscent of run-up to financial crisis
- Long maturity of QE gilts may require active selling
- Full text
Cable is trading at 1.6840 and unmoved by the comments. In Europe it spiked as high as 1.6870 but only for a few moments. The orderboard around spot is light with some bids at 1.6800 and offers around the highs of the day.
