Your Daily Brief For June 23rd

Your Daily Brief For June 23rd

5 months ago1 min

Today's Stories

Today's Insight

Your Brief Summary

In today’s Daily Brief, we'll be looking at the Bank of England's bigger-than-expected interest rate hike.

"The central bank raising UK interest rates by twice as much as expected could accelerate the country's downward march toward recession, taking British mortgage holders along with it."

Key takeaways:

  • Consulting giant Accenture's betting big on AI, but investors may not have fully considered the costs involved
  • The Bank of England increased UK interest rates to 5%, bringing the country closer to recession and putting pressure on the property market


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Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor.

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