Moody’s cuts UK growth forecasts
Moody’s Investors Service has downgraded its forecasts for UK growth on the back of Brexit uncertainty.
Macro News
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Asset managers at different stages of Brexit readiness
If the UK leaves the European single market following the Brexit vote, UK-based companies risk losing their financial passporting rights.
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US manufacturing climbs but not out of the woods
United States production volumes, new orders and employment reached their highest levels in three months this June, but political and economic uncertainty is still a threat to business, according to Markit.
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Carney sends pound lower and FTSE up with rate cut hint
Bank of England governor Mark Carney has indicated an interest rate cut and other new stimulus measures are on the cards.
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Is gold starting to glitter again?
Pictet Asset Management is overweight gold as concerns grow over political risks and the US dollar, said chief strategist Luca Paolini.
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S&P downgrades UK sovereign credit to AA
S&P has downgraded the UK’s sovereign credit ratings on the back of the country’s decision to leave the European Union.
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UK real estate drop may be cushioned by monetary policy easing – Aviva
The drop in UK real estate value triggered by Brexit could be mitigated by easier monetary policy, said Chris Urwin of Aviva Investors.
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Pound hits new low despite Osborne’s intervention
George Osborne broke his silence on Monday in an attempt to soften the blow to sterling and calm markets, but the pound dropped against the dollar to a fresh 31-year low of $1.3218 in morning trade.
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Brexit stokes pension fears and uncertainty among expats
British expats living overseas face a period of uncertainty around retirement plans after the UK’s shocking decision to leave the European Union on Friday, according to IFA firms around the world.
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How Brexit will hit offshore financial centres
The UK narrowly voted on Thursday (52:48) to leave the European Union, an unprecedented move with an unclear outcome. What follows will undoubtedly be at least two years of uncertainty, but how will the offshore financial centres fare?
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Large Remain bets wrong-footed bookies and investors
Last week Portfolio Adviser suggested that the bookmakers’ odds strongly favouring a British vote to stay in the EU were not as reliable as many fund managers thought. And right we were…
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‘No renegotiation’ promises EU leadership
In a joint statement on Friday, the EU leadership urged the UK to start departure processes immediately as “any delay would unnecessarily prolong uncertainty”.
