Movements in the bond market suggest UK rate expectations are being dialled back
Thursday 14 Feb 2019 Author: Tom Sieber
As we write there seems little prospect of the fog of uncertainty created by Brexit clearing. This uncertainty appears to be the main culprit behind the UK economy contracting at the end of 2018 and against this backdrop investor expectations for an interest rate rise from the Bank of England any time soon are receding. This has been reflected in falling yields and rising prices of UK Government bonds...