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Strategies & Market Trends : World Outlook

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To: Les H who wrote (47846)9/20/2025 9:59:17 AM
From: Les H  Read Replies (1) of 48963
 
Bank of England is an easing in tightening to avert massive lossesSky's economics and data editor Ed Conway explains how an unwinding of historic Bank support for the UK economy has been rowed back on, to save us many billions of pounds.

Ed Conway Economics and data editor Sky

Then, three years ago, the Bank began to reverse QE. That meant selling off those bonds. And while it bought many of those bonds at high prices, it has been selling them at low prices. In some cases it has been losing astounding amounts on each sale.

Take the 2061 gilt. It bought a slug of them for £101 a go, and has sold them for £28 a piece. Hence realising a staggering 73% loss.

news.sky.com

Not exactly tightening if you sell assets at a huge loss.
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