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Investment Event

BoE raises rates by 50bps
22 June 2023
    Articles
    Download the full reportPDF, 672.48KB

    Key takeaways

    • The BoE hiked interest rates by 50bps to 5.00 per cent
    • Rising concerns over persistent inflation pressures prompted the BoE’s aggressive move
    • We continue to advocate a cautious asset allocation, which includes an underweight view on UK equities
    • Sterling is likely to trend higher as the dollar rally unwinds, but could face some resistance from risk-off sentiment
    • We are neutral on short-dated gilts but see value in the 10yr sector

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