24
Jun
Focus on bonds and real estate in the UK
Surprise rebound in GDP. Leading indicators uncertain. Inflation remains stubborn. BoE to remain cautious until September. High risk premium for bonds. Securitized real estate trending positively. Loss of momentum for the FTSE100.
Key points
- Surprising rebound in Q1 GDP exceeds expectations
- International uncertainty weighs on the UK economy
- Leading indicators point to a transition
- Real wages continue to rise
- Household confidence fails to improve
- More complex trajectory for inflation
- BoE to remain on hold until September
- The bond market offers attractive yields
- Towards a period of stabilization for the pound
- Listed real estate performs well in the first half of the year
- UK stocks are risky again
