The head of the UK Debt Management office says that demand for UK gilts will remain strong after the BOE ends its QE purchases. Overseas investors and new bank rules will provide support, Steedman said. The DMO will explore selling gilts via syndication rather than auctions.
GBP/USD continues to slide, now below 1.6200, at 1.6192. EUR/USD remains supported by central bank demand. That is helping push EUR/GBP to important resistance at 0.9090/95.
