GBP/SEK Trading forecasts and signals

The share of UK stocks in fund managers ' portfolios rose to overweight for the first time in 7 years, reducing the volume of technology stocks. This conclusion was reached by the American Bank of America, conducting a survey of 215 fund managers with assets under management in the amount of $625 billion. The main factor that led to such changes in portfolios was the strongest growth in consumer prices in the United States in April in a twelve-year period, which arose against the background of large-scale measures to stimulate the American economy. The strengthening of inflation, according to investors, may push the Federal Reserve to make a faster decision on raising interest rates. In the current situation, UK stock indexes benefit, as shares of British banks, energy and mining companies rise if rates rise. Investors ' interest in British stocks also increased due to the clarification of the situation with the terms of the UK's exit from the EU and the gradual recovery of the country's economy after a series of tough ...