This morning, the UK's Consumer Prices Index (CPI) revealed an inflation rate of 8.7%, which exceeded economists' expectations by 0.5%. Although it didn't meet the forecasts, this drop in inflation is the largest seen in the UK over the past 30 years. A significant portion of this inflation figure, 1.8%, can be attributed to the decline in natural gas and electricity costs. However, when looking at core inflation, which excludes food and energy, there was an increase from 6.2% to 6.8%. This rise in core inflation, the highest since 1992, is the main driver behind expectations of further interest rate hikes. Consequently, there has been a sell-off in Gilts, and market participants anticipate the Bank of England (BOE) will raise UK interest rates. Traders in the interest rate market have already factored in a peak rate of 5.5%. In response to news and market reactions like these, diversification and exploring alternative opportunities that provide downside protection are becoming increasingly