State Street GBP Liquidity LVNAV Fund
Policy remained unchanged in the absence of a Bank of England Monetary Policy Committee (MPC) meeting in July. The outlook for the UK economy continues to be promising, although clouded. On the interest rate front, market expectations are fully pricing in a 0.15% hike by August 2022, while inflation edged up to 2.5% in June. Money market yields in July were close to the levels seen over recent months, albeit marginally lower overall.