UK the exception in Europe market rise
Mihir Kapadia – CEO and Founder of Sun Global Investments
Most European stock Indices were higher, with the UK being the main exception as markets continued to factor in the implications of rising inflation and the rising value of GBP. These issues will be to the fore as the Bank of England MPC meets to decide on interest rates today. We expect the Bank to again make hawkish noises but nonetheless leave interest unchanged this time.