BOE Announced First Step to Unwind Stimulus

The BOE announced that, effective January 1, 2014, the Funding for Lending Scheme would not be available to finance household lending. The move signaled policymakers' confidence in the economic outlook, sending the pound to a 11-montg high against the US dollar and a 5-year higher against the Japanese yen.

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BOE Announced First Step to Unwind Stimulus