BoE accepts 1.9798 billion GBP of offers in index-linked gilt purchase

The Bank of England (BoE) accepted 1.9798 billion sterling of offers in the second daily purchase operation of index-linked gilts, Reuters reported on Wednesday.

The BoE rejected 38.9 million sterling of offers in the same operation.

Market reaction

The 2-year UK gilt yield edged lower and was last seen losing 0.45% on the day slightly below 4.2%. The British pound, however, showed no immediate reaction to this result. As of writing, the GBP/USD pair was trading at 1.1055, where it was up 0.85% on a daily basis.