Today's ASX and US markets rise on news of Bank of England intervention
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| Bank of England will purchase longer-term UK government bonds |
In response to the announcement that the Bank of England will purchase longer-term UK government bonds,
the stock markets in Australia and the United States have recovered today. As early as this week, the central bank of the United Kingdom decided to intervene in order to stabilize the financial markets.
This was after the pound fell to record lows against the dollar. According to the announcement of the UK central bank, 65 billion pounds of government bonds are going to be purchased