29 June 2023 UK Monitor Why is Sterling not Tracking the Rising Path Implied by Rate Differentials?
28th Jun 2023 14:35U.K., Daily Monitor
- Sterling’s recent appreciation looks small in the context of the big rise in expected interest rate differentials.
- Investors likely are giving sterling a wide berth, due to elevated uncertainty about the U.K. inflation outlook.
- Buy-to-let landlords are driving the recent rise in properties for sale; we expect further increases in H2.
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