FX & Money Markets

Macroeconomics, monetary policy, FX and money markets
Reuters first with shock BoE QE expansion

Reuters first with shock BoE QE expansion

Reuters was 4 seconds ahead of Bloomberg and Dow Jones and 26 seconds ahead of Market News on August 6 with the Bank of England’s shock announcement that it would expand its quantitative easing programme. Investors had started to bet that the BoE would end the programme, so British markets immediately moved sharply — sterling tumbled nearly 2 cents against the dollar and gilt futures jumped more than 2 full points.

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