Burberry surges but house builders hold FTSE back
Burberry Group shares spiked by over 7% on Wednesday after a better than expected sales update was released to the market.
Burberry Group shares spiked by over 7% on Wednesday after a better than expected sales update was released to the market.
The investable universe post the Brexit vote has expanded greatly and is “ripe” for barbell strategies, despite a likely UK recession, according to Eclectica’s Hugh Hendry.
Sterling leapt 1.4% today as markets welcomed the restoration of some stability in British politics following the referendum on European Union membership.
Bank of England governor Mark Carney has indicated an interest rate cut and other new stimulus measures are on the cards.
The British pound and FTSE 100 both bounced significantly after record falls during frantic trading in the wake of the United Kingdom’s decision to exit the European Union.
Markets were not as sure about the referendum result as the bookies on Thursday, with equities and sterling both slipping back during the afternoon following big climbs in the morning.
The FTSE 100 has begun the day in very volatile fashion as the United Kingdom votes on whether to remain in the European Union or leave.
Sterling’s latest dramatic fall demonstrates investors’ need to manage both currency as well as equity volatility, but do the big funds deliver in mitigating these risks within your portfolios?
A weakening currency is seldom a black and white issue.
As UK’s political landscape becomes increasingly uncertain, taking brave currency positions is not a wise move at the moment, according to Miton.
Workers at Toyota’s plants in Burnaston and Deeside will breathe a sigh of relief on the car maker’s renewed commitment to the UK, but it’s a sign of further questions to come on Brexit.
ETF Securities has reported a three-fold increase in ‘retail’ investors looking to hedge their currency exposure since the start of the year.