The Bank of England just announced they're slashing their Asset Purchase Facility ceiling from £619.7 billion down to £555 billion. That's a significant tightening move—basically they're continuing quantitative tightening and draining liquidity from the system. For those tracking macro trends, this matters because tighter monetary conditions in major economies typically ripple through risk assets. The BoE's been slowly unwinding pandemic-era stimulus, and this latest cut signals they're staying committed to that path despite economic headwinds. Keep an eye on how this affects sterling and broader market sentiment.