U.K. Mortgage Rate (GBP) 7.68% Vs. 7.54% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. mortgage rate has increased to 7.68% from the previous rate of 7.54%.
August 07, 2023 | 10:17 am
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NEGATIVE IMPACT
The increase in the U.K. mortgage rate may impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the performance of the U.K. economy.
The U.K. mortgage rate is an important economic indicator. An increase in the rate could potentially slow down the housing market, which could negatively impact the overall U.K. economy. As EWU tracks the performance of the U.K. economy, it could be negatively impacted by this news.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80