Reported 8 months ago
As the Bank of England hinted at potential rate cuts following the UK's inflation hitting the 2% target and with a general election looming, traders are increasing bets on an August cut, with a 44% probability. This optimism has sparked a rally in UK stocks and government bonds, with investors anticipating economic growth and improved prospects. Despite concerns about Labour Party's fiscal policies, the mood among investors is buoyant, with some favoring UK stocks and gilts in the midst of improving economic indicators.
Source: YAHOO