Caspar Rock: Monday markets - the week ahead on 17 June
Market expectations of a rate cut are growing, and this week sees a lot of central bank action with meetings of the Bank of England and the Bank of Japan, and the ECB’s forum gathering at Sintra
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- Over the last month interest rate expectations have moved from a 15% probability of a cut in July to 82% today
- We think the most likely outcome is no change of rates but more dovish comments from central banks
- In the UK there will be further rounds of voting in the Conservative Party leadership elections, and by the end of the week we will be down to two candidates. It will still be a month before the final result is known
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Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.
This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.
All data contained within this document is sourced from Cazenove Capital unless otherwise stated.
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