BoE

GOSLING'S GROUSE

A strong pound could damage both the economy and portfolios as sterling hits new highs and the UK enters a technical recession for the second time in three years.

A move out of safe-haven assets has seen government bond yields spike, but Tim Gardner, co-manager of Legal & General's Multi-manager fund range, says they should not be dismissed just yet.

CONTRARIAN

CURRENCIES

Monetary Policy Committee member Adam Posen's surprise decision to curtail his calls for further quantitative easing in the UK raises questions over the Bank of England's next move.

ON BONDS

British banks do not have enough capital to ensure they surivive if there is another crisis, the Bank of England has said.

FINANCIAL CRISIS

European banks have borrowed €529bn from the European Central Bank in the second tranche of its three-year long-term refinancing operation (LTRO), asking for more support than forecast.