Here the story has been less dramatic. After the initial collapse in the pound to a 35-year low against the USD and 11-year low against EUR, we’ve seen a recovery to a level slightly above the average since the Brexit vote.
American consumers are currently sitting on a fairly huge nest egg. Equity is at a higher level than ever before, and the personal saving rate has risen to a considerable 7.9% according to NASDAQ figures.
Despite what economists, central bankers, and politicians may tell you, the evolution of the world economy is not a graceful one. Rarely does it feel cooperative, since getting a good look at how a single element impacts the whole can seem downright impossible. However, the past few days have shined a light on how trade helps shape the global economic landscape, make waves across markets, and set the tone for the future.
In an early scene in the Hollywood blockbuster, “The Wolf of Wall Street”, Matthew McConaughey, acting as a senior broker, describes predicting the value of a stock as a ‘Fugazi’…… read more →
Gold – chemically abbreviated to ‘Au’ originating from the Latin word ‘Aurum’, is widely seen as the investor’s safe haven in times of economic turmoil. The reason for this, is… read more →
The big event for Sterling this week, and arguably for the remainder of 2016, could well prove to be the Bank of England’s August policy decision. Money markets are now… read more →