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A £60 Billion Wall of Cash Fuels UK Market Calls for BOE Action

  • Sterling money-market funds see record inflows last month
  • BOE move to ease collateral crunch could happen this year: NWM
The Bank of England in London. 

The Bank of England in London. 

Photographer: Jason Alden/Bloomberg

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A record flood of cash into UK money-market funds following recent pension sector turmoil is worsening a scarcity of high-quality securities, sparking calls for the Bank of England to take action.