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  • BoE Signaled Privately To Bankers It May Extend Bond Buying - FT

Added at 12:16am
Added at 12:18am

Big buy GBP/JPY
nice prank mr bailey
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Quoting Ftmofx
Big buy GBP/JPY
I think we should have a vote to see if you should be muted indefinitely. And I’m typically a pretty nice person.
I was waiting for it, and finally got it
You killing me smalls!!!
is it gonna continue going up or what lol I have a sell opened trying to figure out if I should close it
Quoting ariaabasbeig
is it gonna continue going up or what lol I have a sell opened trying to figure out if I should close it
Officially bond buying will stable the pound for a long and volatile move
privately so iam a banker
Quoting 2547
privately so iam a banker
so its gonna go more up?
The meaning is in the fine print, May, Could, Might Extend. More BS from the Media.
Quoting ariaabasbeig
{quote} so its gonna go more up?
i was already long but the news now made me in doubt
anyone holding position since the GDP is coming up to ?
Quoting Ftmofx
I was waiting for it, and finally got it
It looks you were right about them
Waiting for GDP to drop before I make any move.
I would classify that as a deliberate attempt to mislead/misinform the markets by Bailey. The validity of his public statement should now be questioned.
Sell GBP for long term
Free Markets at its best!
Quoting marketchaos
I would classify that as a deliberate attempt to mislead/misinform the markets by Bailey. The validity of his public statement should now be questioned.
The same BS with Olaf and the EU debt package... so fishy they are putting out headfake news then rescinding it hours or a day later.
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I guess Bailey wants to show how independent he - and BOE - can from PM and FM.
It is a show of strength. Should PM do its job, he will do ones as well. They do not seem to be on the same line
Just keep selling the northern pops
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
If anything it underlines the stress currently in the financial systems. Sooner rather than later something hurtful is going to break.

As for the rumours - he should not be allowed to small talk to market participants privately. But things have gone mad and nowadays RED HOT NEWS are delivered on facebook and twitter and what not without warnings and completely out of the blue.
Quoting Banditten
If anything it underlines the stress currently in the financial systems. Sooner rather than later something hurtful is going to break. As for the rumours - he should not be allowed to small talk to market participants privately. But things have gone mad and nowadays RED HOT NEWS are delivered on facebook and twitter and what not without warnings and completely out of the blue.
@B.. The article does NOT allege that Baily personally gave this reassurance off the record.
"REPRESENTATIVES FROM BOE INFORMED SOME LENDERS IT WAS PREPARED TO EXTEND BOND FACILITY PAST OCT 14 END DATE IF MARKET CONDITIONS DEMANDED IT.

Of course the Bank will extend IF sticking to its ultimatum plunges market into systemic turmoil again..
WTF is it going to do? let the UK Pensions Industry disintegrate?
Media love simplifying. Presenting everything as black and white.. life doesnt work like that ..All our judgements are contextual.. esp in highly volatile evolving dynamic situation..
..when circumstances and scale of consequences change our options and responses change.
IMHO No one knows that better than you and other experienced risk manager/traders.
#Just a Thought
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The markets are ridiculous sometimes, but the fall of the pound is inevitable. As much as they dont want to say "the recession is inevitable", they keep going around in circles, the economic indicators are getting worse.
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BOE has no choose but to keep creating new "money" and buyng the bad debt(government bonds) or it will collapse. the moment liquidity stops its over but eventually thant wont work or a loaf of bread will be £50K
Quoting RossEdwards
{quote} @B.. The article does NOT allege that Baily personally gave this reassurance off the record. "REPRESENTATIVES FROM BOE INFORMED SOME LENDERS IT WAS PREPARED TO EXTEND BOND FACILITY PAST OCT 14 END DATE IF MARKET CONDITIONS DEMANDED IT. Of course the Bank will extend IF sticking to its ultimatum plunges market into systemic turmoil again.. WTF is it going to do? let the UK Pensions Industry disintegrate? Media love simplifying. Presenting everything as black and white.. life doesnt work like that ..All our judgements are contextual.....
Agreed. But did BoE just announce that they are removing the parachute from Friday?
4 hr chart...pretty big bearish Symmetrical Triangle and this little price spike of 300 pips took it to the top. Get your shorts on boys
Everything easy was hard at first
Picture time
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Everything easy was hard at first
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  • Story Stats
  • Posted: Oct 12, 2022 12:06am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 27  /  Views: 7,793

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