Trump liberation day tariffs lowering UK mortgage rates
It's all down to SONIA swap rates (very broadly speaking, this is how much banks pay for sterling overnight), which have fallen this morning following Liberation Day in the US. According to Bloomberg, traders are now pricing in nearly 63 basis points of cuts from the Bank of England with the expectation of three rate cuts this year. The result? Potentially cheaper mortgages for UK homeowners - albeit with worse rates for savers if rates fall. 🚨 #TrumpTariffs: Economic genius or global disaster? 10% import tax + 34% on China = higher prices for...



