Sterling spikes after ‘tectonic shift’ in BoE monetary policy
The pound bounced back from its post-election lows after it emerged this afternoon the central bank’s monetary policy committee were not unanimous on discounting a rate rise.
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Macro News
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Doubts cast over Fed’s ability to raise rates again in 2017
Deteriorating conditions in the US economy have cast doubts over the likelihood of a second rate hike from the Federal Reserve this year.
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Tech sell off not the end for FAANG
A recent nosedive in the prices of technology stocks does not spell the end for the sector, fund managers have said.
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Godber prepares to sell after ‘unknown’ election consequences
Last week’s general election result will have plenty of consequences for investors despite fund managers’ claims it has not affected their allocation, Polar Capital’s George Godber has said.
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Fund industry profits shrink as higher costs and passives bite
Worldwide profits for traditional mutual fund groups fell by close to 3% in 2016, despite higher assets under management, according to a report by McKinsey.
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Wealth managers dismiss ‘little local’ UK election
Wealth managers have dismissed the suggestion that the “little local issue” of Thursday’s UK general election will lead to any sweeping portfolio changes in the aftermath of the results.
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May fights on but investors fear ‘shaky’ Brexit talks
Investors made their priorities clear this morning with big fears over who will lead the country into Brexit negotiations.
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Hung parliament: Investors braced for volatility as May’s gamble backfires
Sterling has taken a hit overnight as the UK woke up to anything but a ‘strong and stable’ government.
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Five talking points on ECB policy
The ECB has kept interest rates on hold, but revised its economic forecasts. So, what have investors learned about Mario Draghi’s intentions?
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Tentative times as ECB holds rates
The European Central Bank (ECB) has held interest rates in line with market expectations.
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Sterling rallies against the euro as Britain heads to the polls
Sterling has bucked up against the euro, hours after polling began in the UK general election and ahead of the imminent European Central Bank meeting.
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Election doubts and terrorism fears spark soaring gold sales
Gold sales have soared in the past week after doubts over Theresa May’s ability to win the election, coupled with an increased terrorist threat.