BoE APF Update: Projects GBP 125bln loss for its QE programme (prev. saw GBP 115bln)

The BoE's updated forecast indicating a projected loss of GBP 125 billion from its QE program suggests a deterioration in the effectiveness of its monetary policy measures. This figure, an increase from the previous GBP 115 billion estimate, may reflect rising interest rates affecting the value of its bond holdings. Traders should monitor how this impacts GBP and sentiment towards the UK economy, as well as any potential implications for future rate decisions.