Valuations, Interest Rate Hikes Favor UK Large Caps: MS
After Bank of England governor Mark Carney’s statement last month that a rate hike was probably coming sooner than expected, despite a unanimous vote to keep the benchmark rate at 0.5%, the market has been preparing for a change by the end of the year. The question for investors is how much the expected hike has already been priced in to rate sensitive stocks.
“Investors are increasingly focusing on the prospect of a UK interest rate hike, as witnessed by higher 2Y gilt yields . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible