• As long as market is orderly, repricing of fundamentals can continue
  • We are not running faster than anywhere else in reducing our balance sheet, but process is different

The BOE has plans to sell gilts next week.

UK 10s are still near the highs of the day, up 13 bps to 4.39%. The UK press is noting that's higher than Greece and Italy as the pressure ramps up on Kwarteng.