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The Bank of England has warned anyone with a Stocks and Shares ISA of the growing risk of "sharp market correction".

This is due to the valuation of AI tech companies, as investors could do a U-turn on the prospects for AI ahead.

There are signs that a number of investors are rushing to hedge against any correction in the AI-driven stock market.

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On Wednesday, the Bank of England’s financial policy committee (FPC) said: “The risk of a sharp market correction has increased.

“On a number of measures, equity market valuations appear stretched, particularly for technology companies focused on artificial intelligence.

“This … leaves equity markets particularly exposed should expectations a

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