sterling

UK income hunters face headwinds of historical proportions: 10-year gilt yields hit an all-time low of 0.5% on 12 August, accompanied by a similarly record-breaking feat from sterling corporate bonds of 2.3%.

'Temporary phenomenon'

As we have clearly seen in the UK this year, as equity markets go up, yields go down.

Benefitted from sterling weakness

Surpasses expectations

Has the currency reached a bottom yet?

Helped by weakening sterling

Due to client demand

Warning on food price inflation

Up 1.2% against the US dollar