UK markets closed

U.K. Virus Response and Its Impact on the Bank of England

Mar.27 -- Chancellor of the Exchequer Rishi Sunak's pledge said to do “whatever it takes” to prop up U.K. businesses and jobs is likely to trigger more bond purchases by the Bank of England, according to Kallum Pickering, senior economist at Berenberg. The BOE already said earlier this month that it would buy 200 billion pounds ($243 billion) of bonds. "I would not be surprised if on top of the 200 billion we get another 100 billion or even 200 billion," Pickering said on "Bloomberg Daybreak: Europe."