Interest Rate Rise: Market Winners and Losers

How FTSE 100 stocks, sterling and bond markets have moved in response to the Bank of England raising interest rates to 0.75%

James Gard 2 August, 2018 | 1:09PM

Bank of England raises interest rates

UK stock, bond and currency markets have been well prepared for an August interest rate rise in recent weeks. But previous Bank of England decisions have often gone against expectations, most recently in May – so there was always the possibility that markets could have been wrong-footed. In the end the pound rose marginally and the FTSE 100 attempted to resist the downward pressure seen since the start of trading.

An interest rate rise has been a relatively minor consideration today for the UK’s largest stocks today as a China-fuelled selloff has hit mining and commodity stocks.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Anglo American PLC1,833.60 GBX0.76
Antofagasta PLC1,042.00 GBX-0.14
Ferrexpo PLC175.10 GBX0.86
Fresnillo PLC1,185.50 GBX-0.38
Glencore PLC167.38 GBX-0.94
Imperial Brands PLC1,396.00 GBX1.16
KAZ Minerals PLC528.00 GBX-0.71
National Grid PLC854.60 GBX1.96
Rio Tinto PLC4,733.00 GBX-1.65
SSE PLC1,190.00 GBX1.62

About Author

James Gard  is content editor for Morningstar.co.uk

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