Interest Rate Decisions: Bank Of England Holds Firm, Swiss National Bank Reduces Further — Will Fed Cut In September?
Portfolio Pulse from Michael Juliano
The Bank of England decided to keep its interest rate steady at 5.25%, while the Swiss National Bank cut its key rate from 1.5% to 1.25%. This led to a slight uptick in UK-related ETFs, including iShares MSC United Kingdom ETF (EWU), Franklin FTSE United Kingdom ETF (FLGB), and First Trust United Kingdom AlphaDEX Fund (FKU). The U.S. Federal Reserve is speculated to cut rates in September.
June 20, 2024 | 3:29 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
iShares MSC United Kingdom ETF (EWU) edged up 0.66% following the Bank of England's decision to keep interest rates steady.
The Bank of England's decision to maintain its interest rate at 5.25% provided a positive signal to investors, leading to a slight uptick in EWU.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
First Trust United Kingdom AlphaDEX Fund (FKU) picked up 0.57% following the Bank of England's decision to keep interest rates steady.
The Bank of England's decision to maintain its interest rate at 5.25% provided a positive signal to investors, leading to a slight uptick in FKU.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Franklin FTSE United Kingdom ETF (FLGB) rose 0.7% after the Bank of England decided to keep interest rates unchanged.
The decision by the Bank of England to hold interest rates steady at 5.25% was seen as a positive move, resulting in a rise in FLGB.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80