BoE buys file 2.38 billion kilos of gilts at reverse auction

The Lender of England acknowledged a document total of gilts at a reverse auction on Wednesday.

Sopa Visuals | Lightrocket | Getty Photos

The Bank of England acknowledged all 2.3754 billion pounds ($2.63 billion) of long-dated conventional gilts which it was provided at its reverse auction on Wednesday, a record sum as the momentary purchase programme strategies its conclude.

The volume of gilts the BoE bought was the highest at any each day reverse auction because the programme started on Sept. 28, even though the full sum provided was perfectly underneath the 5 billion pounds which the BoE said it was ready to get.

Earlier on Wednesday the BoE reported it purchased 1.9798 billion pounds of index-joined gilts.

Source

World

Samsung launches thin S25 Edge as Apple reportedly prepares the iPhone ‘Air’

May 13, 2025

Samsung launched the Galaxy S25 Edge, a thinner version of its flagship smartphone. Arjun Kharpal | CNBC Samsung on Tuesday unveiled a thin version of its flagship smartphone in an unusually timed launch as it looks to maintain momentum in its mobile divison against an uncertain consumer backdrop and U.S. tariff policy. The Samsung Galaxy […]

World

Stock futures are flat after big rally, key inflation report on deck: Live updates

May 12, 2025

A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures were little changed in overnight trading following a big rally, as investors look ahead to a key inflation report Tuesday morning. Futures on the Dow Jones Industrial Average inched down 24 points. S&P 500 futures […]

World

The S&P 500 just sprinted through a key indicator as Wall Street cheers the rollback of tariffs

May 12, 2025

The 90-day pause on most tariffs between China and the U.S. took the worst-case scenarios off the table for Wall Street and spurred a rally that smashed through a notable milestone for chart watchers. The S & P 500 rose 3.3% on Monday and closed well above its 200-day moving average. That level had been […]