I have added to the long gilt position. This is a bet on UK 10-year interest rates falling.

Further to this post, the BoE ended QE today, as almost everybody expected, while leaving the way open for more QE if required. This is about as positive as it could have been for gilts; yes, the BoE will no longer be buying, but everybody already knew that; if 10-year rates get too high, or the government has trouble funding the deficit, they may come back in.

The market sold off to a support level right at the moment of the announcement. I waited for the bottom of the data spike and added to my position. The lines show the entry level and stop position. Charts from IG Index.

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