Markets have responded passively to the Autumn Statement today (22 November), as the policy reforms announced had been mostly priced in.
The FTSE 100 declined 0.3% today, while the domestically-focused FTSE 250 has risen 0.7%, according to data from Morningstar Direct. Autumn Statement 23: GDP forecasts 'slashed' as inflation expectations climb The value of the pound declined slightly against the dollar following Chancellor Jeremy Hunt's speech, from $1.254 to $1.246. Meanwhile, the yield on ten-year gilts ticked up, falling from 4.11% before the Autumn Statement to 4.05% during, before surging to 4.16% as it concluded. James Lynch, fixed income manager at Aegon Asset Management, described the Autumn Statement as...
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