A year to remember: Crashes, QE and the return of rising rates
Investors will remember 2015 as a year spent trying to guess what major central banks around the world would do or say next.
Investors will remember 2015 as a year spent trying to guess what major central banks around the world would do or say next.
As we enter winter there are clouds on the horizon for the United Kingdom economy and Chancellor George Osborne has to deliver his Autumn Statement against an increasingly murky backdrop.
The past week has been one of stark contrasts for the two sides of the ‘special relationship’ in economic terms.
With market confidence still fragile after the China-inspired slump, the last thing UK equities funds needed was soft economic data to be released.
There are one or two ominous signs emerging which suggest one of the key factors underpinning UK equities funds could be close to coming undone.
Ascot Lloyd Financial Services and PFP Group will merge to create a nationwide wealth management firm managing £2.2 billion of client assets.
The hawks on the Bank of England’s monetary policy committee are expected to vote for a rate rise at the next meeting on Thursday, against the majority.
The United States is ‘on course for sustained recovery’ according to Shaun Port, CIO at online wealth manager Nutmeg.
The Bank of England monetary policy committee is getting more concerned about the possibility of inflation coming through into the British economy, minutes from the July meeting revealed today.
Softer than expected unemployment and wage growth numbers have further muddied the waters in terms of forecasting when the Bank of England will raise interest rates.
Smith & Williamson has this week upped its UK equities weighting and may add further to it in the coming weeks, head of multi-manager at the firm James Burns said.
Mixed messages on the health of the United Kingdom’s economy are making deciding on a UK equities weighting a particularly tricky task right now.