UK interest rates went up again. Link’s Corporate Markets business will benefit from this. Margin Income of LNK has grown rapidly in last twelve months. There are about $1.5B in cash that LNK holds for its clients. The earned interest income from the $1.5B goes to LNK.
About 65% of the $1.5B cash is in the UK.
LONDON, May 11 (Reuters) - The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday, taking borrowing costs to their highest since 2008 with its 12th consecutive rate rise, as it seeks to curb the fastest inflation of any major economy.
The central bank no longer predicts a recession after it revised up its growth forecasts from gloomy numbers released in February, the biggest such improvement since it first published forecasts in 1997.
LNK Price at posting:
$2.07 Sentiment: Buy Disclosure: Held
