Bank Of England Raises Bank Rate From 4.5% To 5.0%
Portfolio Pulse from Bill Haddad
The Bank of England has raised the bank rate from 4.5% to 5.0%, potentially impacting US-listed ETFs such as EWU, SPY, and VGK.
June 22, 2023 | 11:05 am
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NEUTRAL IMPACT
The Bank of England's rate hike from 4.5% to 5.0% may impact the iShares MSCI United Kingdom ETF (EWU) as it tracks the UK market.
The Bank of England's rate hike may impact the UK market, which in turn could affect the performance of the iShares MSCI United Kingdom ETF (EWU) as it tracks the UK market. However, the short-term impact is uncertain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Bank of England's rate hike from 4.5% to 5.0% may have a limited impact on the SPDR S&P 500 ETF Trust (SPY) as it primarily tracks the US market.
The Bank of England's rate hike may have a limited impact on the SPDR S&P 500 ETF Trust (SPY) as it primarily tracks the US market. The rate hike may affect global markets, but the direct impact on SPY is uncertain.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 40
NEUTRAL IMPACT
The Bank of England's rate hike from 4.5% to 5.0% may impact the Vanguard FTSE Europe ETF (VGK) as it tracks the European market, including the UK.
The Bank of England's rate hike may impact the European market, which in turn could affect the performance of the Vanguard FTSE Europe ETF (VGK) as it tracks the European market, including the UK. However, the short-term impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60