# British pound choppy as Bank of England reiterates Friday bond-buying deadline

> Sterling whipsawed between about $1.09 and $1.106 after Bank of England Governor Andrew Bailey said the bond-buying programme would end on Friday. A Financial Times report then said the bank was privately open to extending it.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/39403-british-pound-choppy-as-bank-of-england-reiterates-friday-bond-buying-deadline
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Uncertainty about UK bond market support affects sterling and global risk sentiment, with only an indirect effect on dollar-priced feed commodities.

## Read by commodity

- GBPUSD: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2022/10/12/british-pound-bank-of-england-bond-purchases-andrew-bailey.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.