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From a top-down perspective, Buxton warned the UK could see gradual deceleration next year, though it is unlikely to fall into recession.
Inflationary forces could surprise on the upside as the economy reaches full employment, though he believes Mark Carney is “facing 180 degrees in the wrong direction” with the Bank of England unlikely to follow the Fed in raising interest rates anytime soon.
Investors will likely ‘remain in the dark before each upcoming meeting’ until the end of the year, according to experts
Amundi CIO discusses the potential impact of the upcoming US election on markets
AJ Bell’s investments arm saw £1.5bn net inflows in the year to 30 September
$7bn withdrawal from a single client had been flagged in Man Group’s half-year results in July
Managers have upped equity and lowered bond allocations at a record rate, according to the BofA October global fund manager survey
The firm’s wealth management arm saw net outflows of £891m, while asset management achieved inflows of £67m
