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FTSE 350: Banks face much more than Brexit risk

FTSE 350: Banks face much more than Brexit risk

If the fortunes of the UK banking sector looked uncertain at the start of 2016, the political shocks during the months that followed have thrown up even more questions for this year. At least there was movement on interest rates: the Federal Reserve raised its core funds target range by 25 basis points for only the second time since before the financial crisis. It has now flagged three further rises this year, spurred by a stronger economy and expectation of president Donald Trump’s inflationary fiscal policies; so-called ‘Trumpflation’.

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