Beyond Currency

2 August 2022 - BoE facing its toughest ever decision


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The UK has long been a magnet for foreign investment. Following Brexit and the Pandemic, funds are beginning to flow into the country again. Several banks are looking to reinstate real estate investment trusts that had become dormant when investors shied away due to Brexit uncertainty.
London is seeing renewed interest. Birmingham, which is undergoing regeneration as the host of the Commonwealth Games is in the spotlight. Manchester is also being seen as a significant investment opportunity.
As the race to be the new Prime Minister continues, Liz Truss continues to attract the support of former candidates. Nadeem Zahawi and Penny Morduant have now come off the fence and pledged their support for Truss.
A cynic may believe that they have now seen which way the wind is blowing and see their path to Cabinet post as being more certain under Truss.
Although recent forums have been undecided about whether the Bank of England should hike rates this week, it remains likely that the Monetary Policy Committee will raise short-term interest rates by fifty basis points to 1.75%.
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Beyond CurrencyBy CurrencyTransfer

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