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On 01 January 2026 the VT Munro Equity Income Fund changed name from VT Munro Smart-Beta UK Fund. 

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Sterling pressure affects UK dividends

  • Valu-Trac Investment Management Limited
  • Jun 30, 2023
  • 1 min read
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Deeply embedded inflation in the UK, driven by a tight labour market, prompted another rise in the UK bank rate in June. That, and expectations of further rises to come, pushed sterling up nearly 2% over the month and was the main reason for a decline in all the main UK equity indices. The end of June marks the halfway point for the year and these interest and exchange rate trends have clearly been the dominating factor over the first six months.


Deeply embedded inflation in the UK, driven by a tight labour market, prompted another rise in the UK bank rate in June. That, and expectations of further rises to come, pushed sterling up nearly 2% over the month and was the main reason for a decline in all the main UK equity indices. The end of June marks the halfway point for the year and these interest and exchange rate trends have clearly been the dominating factor over the first six months.


 
 
 

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