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BOE’s QE Portfolio Is £200 Billion in the Red After UK Rout

  • Government bond selloff comes as BOE starts active sales
  • Benchmark 10-year gilt prices down more than 7% in past week
Bloomberg business news
How Will BOE Halt Panic Over the Pound?

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The fire sale of UK assets sparked by Chancellor of the Exchequer Kwasi Kwarteng’s mini-budget last week has pushed the market losses on the Bank of England’s government bond portfolio to more than £200 billion ($216 billion).