Exchange of letters between the Governor and the Chancellor on the Asset Purchase Facility - November 2025

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The Bank of England (BoE) and UK Chancellor exchanged letters discussing the Asset Purchase Facility (APF) in November 2025, signaling potential adjustments to monetary policy. The APF, a key tool for managing inflation and economic growth, could see changes in bond-buying programs affecting interest rates and currency stability. This development impacts GBP/USD and EUR/GBP forex pairs, with broader implications for European markets. Investors are monitoring policy shifts that might influence global capital flows and inflation expectations.