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Listen "European Retail: Housing a slow burn headwind for consumers"
Episode Synopsis
Following a recent sharp rise in mortgage interest rate expectations, RBC Capital Markets’ Global Equity Team takes a closer look at prospects for the UK housing market and potential impacts on the General Retail, Banks and Internet sectors. While the nature of the market means RBC remains relatively sanguine on the outlook short term, RBC expects rising mortgage rates to be more of a headwind for UK consumers in 2023/24. As a result, the team sees a reduced outlook for several retailers with home-related exposure.
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