BofE lends £1.6 billion from standing facility

The Bank of England said that a commercial bank borrowed £1.6 billion on Wednesday through the Bank's standing facility, which charges 100 basis points more than the base rate.

The pound fell 0.4 % against the dollar and 0.1 % against the euro after the loan was announced. But market commentators warned against viewing the payment as a sign of liquidity problems.

Gertjan Vlieghe, a European rates strategist at Deutsche Bank, a commercial bank, said: "We do not read this as particularly

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