The UK – Unfashionable, Unexciting, Underrated
February was not dramatic. It was not euphoric. It was not catastrophic.
It was something far more useful.
It was clarifying.
After a steady January, markets spent February reassessing assumptions. Investors began the year expecting interest rate cuts to arrive quickly and smoothly. By the end of this month, that certainty had softened. Not collapsed, just softened. And that small change in tone is important.
