The highs (and lows) of the pound
The new 12-sided pound launched on Tuesday 34 years after it was first minted in coin-form. With its value still struggling following Brexit, we have looked back at its highs, and lows, since its big 1983 reveal.
Macro News
-
-
Leaviss: Pessimistic BoE to let inflation bubble grow
The Bank of England may allow inflation to overshoot its target “for some time” amid the uncertainty that following the triggering of Article 50 on Wednesday, M&G’s Jim Leaviss has said.
-
JP Morgan: There is still opportunity in credit
After a recent survey found more than 80% of investors believed corporate bonds were overvalued, a JP Morgan portfolio manager has argued the case for keeping money in the asset class.
-
Weath manager AUM growth to defy slowing economy
Growth of 5.1% in the assets controlled by wealth managers is expected this year in spite of predictions for an economic slowdown.
-
Architas: ‘Hated’ bull market at half-way point
Architas’ Nathan Sweeney believes investors are now halfway through a “hated bull market”.
-
BoE warns uncertainty not ‘fully reflected’ in markets
High levels of uncertainty across the developed world has not been reflected in current asset prices or measures of market volatility, the Bank of England has warned.
-
BT slapped with £42m fine; FTSE 100 falters while sterling bucks up
The week kicks off with BT in hot water, a Trump-fuelled fall in the FTSE 100 and a redemption moment for sterling.
-
FE reveals its ‘Hall of Fame’ Alpha managers for 2017
FE has revealed the 42 managers who nabbed a spot on its annual Alpha Manager Hall of Fame.
-
Woodford fears oil major dividend cuts
Star manager Neil Woodford has dismissed major oil companies as a good investment opportunity due to the threat of cuts to their all-important dividend payments.
-
Optimistic asset managers buoyed by M&A
The prospect of more consolidation in the asset and wealth management industry this year has bolstered optimism according to a new survey from the CBI and PwC.
-
Coombs: European market recovery a ‘false dawn’
Europe is “cheap for a reason” according to Rathbones’ David Coombs, who said the recent turnaround in markets on the continent could be a false dawn for investors.
-
How to profit from negative yielding markets
Bondholders have been penalised by traditional benchmarks that have failed to grasp the current reality of low and negative yields, First State Investment’s Jamie Grant has said.