News

News

Monday 12th June

Good morning

 

With the UK General Election delivering a hung parliament the pound fell around 1% overall.

With the now increased uncertainty regarding the leadership, we expect to see short term volatility which could continue until the Tory Party Conference in October.

 

The US are expected to raise their interest rates on Wednesday evening to 1.25% and this has already been priced in.

The UK on Thursday are expected to keep rates unchanged at 0.25%.

 

Have a great week.

CENTRAL BANK AND LIBOR RATES

UK: 0.50%
US: 1.75%
EU: 0.00%

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