BoE intervention was necessary to try to stabilise the long end of the curve and a multitude of collateral requirements constrained investments at the core of Pension Funds. Nevertheless, the relief will be temporary and until the real rates normalise and are set once again in equilibrium with the current macroeconomic cycle (BoE key rate raised at least at 5%), GBP will continue to suffer significantly and the Gilts sell off could likely resume.
Read the full article on the publisher's website.
Posted in: Investment & Finance →
Myself
As an Investment Consultant and Specialist, Pompeo Pontone is a Professional Investor with 25 years’ experience in the fields of Investment Management and Quantitative Finance, with advanced expertise in Computer Science and Data Science.