UK Markets

UK Markets Chart Book

19 June, 2017

Markets unperturbed by political and interest rate risks

The surprise outcome of the General Election and the MPC’s unexpectedly tight vote on interest rates have triggered only a muted market reaction. Admittedly, trade-weighted sterling fell to its lowest level since March following the election, but that was still 3% above the trough seen last autumn. And the fall was partially reversed as two members of the MPC unexpectedly joined Kristin Forbes in voting for an interest rate hike at the latest meeting. Meanwhile, despite the government’s signals

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