STERLING HITS THE SKIDS

As MPs returned from their summer holidays on Tuesday, the pound hit its lowest levels ($1.19) since the ‘flash crash’ in October 2016. The battle to divert the country from a ‘no-deal’ exit has once again hammered sterling but as Quilter...

NOT JUST A FTSE 100 DEPARTURE…

Marks & Spencer is to be relegated from the FTSE 100 in the next index shuffle. The storied British retailer has been benchmark constituent for 35 years and its departure highlights the challenges facing UK retailers. M&S shares are off some 20% this year...

AND THE RESULTS ARE IN…

Europe’s earning season mostly passed without incident with a higher proportion of companies reporting numbers that were in line with consensus forecasts than usual. Quilter Investors’ head of dealing Maz Almouti explains, “Europe’s results...

CENTRAL BANKS STAY SUPER ‘DOVISH’

In July, the US Federal Reserve (Fed) cut interest rates for the first time in more than a decade, emphasising the continued accommodative, or ‘dovish’, approach by central banks globally. Fed chairman Jerome Powell cited weaker global growth and...

STERLING SLUMPS ON NO-DEAL FEARS

Boris Johnson’s determination that the UK will leave the EU on 31 October “no matter what” has seen sterling drop around 2.5% since he became prime minister last week, reaching lows last seen in the wake of the EU referendum in 2016. Quilter Investors’ Hinesh Patel...