Sector Review

Sector movers: Banks pace declines as rate cycle shifts

By Alexander Bueso

Date: Thursday 01 Aug 2024

(Sharecast News) - Lenders paced losses on the FTSE 350 with NatWest Group and HSBC leading decliners.
The drop in their shares followed a somewhat unexpected reduction in interest rates by the Bank of England.

Consensus had been divided going into the meeting but in the end the Monetary Policy...

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