Ben is the Global Markets Strategist at eToro, the world’s leading social Investment network. Ben is skilled in equities, capital markets, strategy, emerging markets, valuation, investment banking and financial modeling.
The British pound rebounded off a two-week low on Wednesday as investors cast doubt on the Bank of England's commitment to ending emergency bond buys as scheduled, amid reports signalling the BoE could extend purchases should market conditions warrant.
The market appears to be second-guessing the Bank of England. It's inconceivable that if these levels of market stress in the bond market continue that the Bank of England is not going to continue to provide at least some element of support.