. Bank of England Ultimatum Puts New Pressure On U.K. Markets « JO LEE MAGAZINE

The Wall Street Journal – The Bank of England said Wednesday that its program of bond purchases to support pension funds and prevent a possible financial market crisis would end Friday as planned, causing a brief surge in bond yields and setting the stage for a tense few days on U.K. financial markets.

The move was seen by investors as a strong signal by the central bank and Gov. Andrew Bailey that its priority remains fighting inflation, even if that raises the likelihood of deeper turmoil in U.K. financial markets in the coming days and weeks, jitters that have also hit some U.S. markets such as junk bonds…

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