Signage seen outside the entrance of the London Stock Exchange August 23, 2018. — Reuters picLONDON, March 17 — British shares slipped today, dragged by miners and energy stocks, as investors awaited the outcome of a US Federal Reserve policy meeting to get cues about interest rates.
“The Fed for sure doesn’t want the yield to be higher, so they might come out with some control mechanism but I think they will hold until if and when the yields spike higher.” A spate of volatility in money markets has stoked speculation that Fed policymakers might be forced into a technical adjustment to the levers controlling its benchmark interest rate to ensure that it does not fall too low, but few expect them to act on the matter at this week’s meeting.
Retail investment platform Hargreaves Lansdown rose 1.1 per cent, as it expects its profit for the year ending June 30 to be “modestly” above analyst estimates.
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