Bailey from BOE has a message for investors: "You've Got Three Days" to close positions.

You still have three days left, is my message to the funds concerned and to all the corporations

Bailey said on Tuesday at the Institute of International Finance annual convention in Washington. "You must complete this."

The remarks shook up the overall market, sending US equities substantially down in late trade as Treasury rates increased.

For the first time since September 29, the pound dropped below 1.10 in relation to the dollar, which hurt stock indices.

To prevent what it dubbed a "fire sale" that undermines financial stability, the Bank earlier on Tuesday broadened the scope of its bond-buying programme to include inflation-linked debt for the first time.

A lobbying group for UK pension funds pushed Bailey to prolong the programme at least until the end of the month.


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