Andrew Bailey, the Bank of England Governor, is under pressure to halt the Bank’s active selling of UK bonds - Alastair Grant/The Associated Press The Federal Reserve said it will halt its bond-selling programme amid pressure on the Bank of England to follow suit. The US central bank also made its second interest rate cut this year, bringing its Federal Funds Rate down from 4.25pc to 4pc as it warned over America’s weakening jobs market. On Wednesday, the Federal Open Market Committee (FOMC) said it wou ...