City Of London
BOE Risks Losing Control Over Pound, Hedge Fund Giant Balyasny Says
- Balyasny made the predictions in a letter to clients
- It said the BOE intervention showed extent of policy misstep
This article is for subscribers only.
Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton.
The Bank of England’s dramatic intervention to control bond yields earlier this week threatens the central bank’s fight to contain inflation and prevent a decline in pound, according to hedge fund giant Balyasny Asset Management.