Computershare: UK dividend forecasts downgraded after drop in Q3 payouts
Payouts are expected to fall 0.3% in 2024 after initial forecasts for 2% growth
Payouts are expected to fall 0.3% in 2024 after initial forecasts for 2% growth
Industry commentators criticise ‘reckless’ actions by Liz Truss and Kwasi Kwarteng
Following the recent news of progress on the Brexit “divorce bill”, sterling hit a two-month high this week, and was up against both dollar and euro.
The large slide in the value of the pound that followed the Brexit vote has made non-UK assets worth more in sterling portfolios, lifting their returns. Is this all good news though or does it create additional risk?
As Donald Trump’s win in the presidential election became inevitable overnight, the dollar fell against other major currencies but this was quickly reversed following his conciliatory victory speech.
Sterling is oversold against not only the dollar but also other major currencies, according to Ed Smith, asset allocation strategist at Rathbones.
The pound clawed back more of the ground lost following the referendum on European Union membership this morning after the release of strong services sector data.
Better than expected United Kingdom employment figures prompted the pound to regain slightly more of its post referendum lost ground this morning.
Making a call on currencies can be make or break for a portfolio and as the global economy enters uncharted waters, managers are looking for signs of the next big swing
The British pound is “not the only casualty” of uncertainty resulting from the upcoming referendum on whether to remain or leave the European Union, according to head of credit strategy at BlueBay Asset Management, David Riley.
A weakening currency is seldom a black and white issue.