Weekly outlook: FCA fronts up on pensions costs, BoE decision, Trump’s State of the Union
The key events for UK wealth managers for the week starting 4 February
Bank Of England
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Weekly outlook: Brexit plan B; SJP results; and gender pay
The key events for UK wealth managers this week
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Brooks Macdonald debuts sustainable team as regulatory scrutiny grows
FCA and PRA tackle green finance in consultation on climate change
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BoE holds rates at 0.75%
Markets had not priced in a second consecutive hike
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‘Unreliable boyfriend’ Carney commits until 2020
Central bank governor will hand over the reins immediately after Brexit
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UK inflation rises with looming risk from food shortages
Beast of the East and heatwave hit UK food supplies
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Bank of England votes unanimously for rate hike
The Bank of England Monetary Policy Committee (MPC) has voted unanimously to raise rates to 0.75% at its August meeting.
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DFMs face safe haven dilemma on US trade war
Discretionary fund managers say asset classes rather than geographies will be the best source of safety if the US unleashes a full-blown trade war as Bank of England simulations show the geographic scope of rising tariffs.
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BoE scorned for brutal corporate bonds assessment
The Bank of England has been pilloried for its brutal assessment of the sterling corporate bond market given its role in driving yields so low.
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BoE rate decision reveals surprise hawk
The Bank of England (BoE) has held interest rates at 0.5% but the central bank’s chief economist has surprised markets by siding with the hawks at the latest monetary policy committee (MPC) meeting.
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BoE holds rates as ‘unreliable boyfriend’ returns
Bank of England governor Mark Carney has re-earned his moniker as an ‘unreliable boyfriend’ as the monetary policy committee votes 7-2 to hold rates at 0.5%.
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Six managers on whether the Bank of England will hold or hike
Weak Q1 GDP data and comments from Mark Carney have seemingly put the kibosh on a May rate hike, but the Bank of England’s trajectory is far from certain. Portfolio Adviser asked fixed income analysts and managers whether they think the BoE will begin tightening or hold off.