Hints and tips:
...Anyway, about the potentially looming sterling slump....
...Round on the Links The link was homophones of British place names Darby and Joan The Carlyle (after Thomas Carlyle) “Air on a G String” Sterling Otis Redding Blithe Spirit Lester Piggott Cows Keel...
...He added that the UK’s tax regime was a potential deterrent for firms, alongside sterling’s volatility and pension rules that he said took investors out of the UK equities market....
...“It would take someone braver than me to go out and buy a lowly rated clothing company or whatever it may be,” said Ben Lord, a portfolio manager at M&G who bought Northumbrian Water’s bond....
...It is only the Invesco Global Clean Energy Ucits ETF (GCLX) that is still notably down over the period in sterling terms....
...“It’s fair to say that the gilts market hated today’s mini-Budget,” said Jim Leaviss, chief investment officer of public fixed income at M&G Investments. Hate is a big word but it does rather fit....
...M&G also points out that the massive sell-off and jump in yields have reduced the duration of sterling bonds, which makes them less sensitive to future changes in interest rates....
...Ok but that’s just sterling. Hardly a serious currency any more. Markets that actually matter didn’t take note of Bailey’s comments. Right?...
...If that looks like the case, sterling could be in trouble.”...
...The big problem now is with g, the nominal growth rate....
...M&G has appointed Andrea Rossi, the former boss of Axa Investment Management, as chief executive....
...The gains come at a time when the Fed is expected to tighten policy more aggressively than other G-10 central banks....
...equities strategist at Deutsche Bank. 10 unmissable stories this week UK real estate funds including vehicles managed by Schroders, CBRE Investment Management, Legal & General Investment Management, M&G...
...Russia’s invasion of Ukraine in February forced companies, investors and governments to wrestle with developments that at times appeared to pit the E, the S and the G of environmental, social and governance...
...Sterling fell to a 13-month low against the euro of €1.15, ahead of the Bank of England’s rate-setting meeting on Thursday and following data on Monday that showed the UK economy contracted in April....
...The imminent appointment of a new chief executive at M&G is set to reignite a vexed question: is it time to break up the underperforming FTSE 100 savings and investment group?...
...G Grass The perfect surface for tennis, if you don’t mind not playing on it most of the year and then watching it wear away faster than Primark underwear. No, really, it’s good....
...You don’t need to be on the G-TOX wait list to see that....
...Sterling Ruby, until 19 December; residenzanapoleone.com, from €900. Palazzo Odescalchi, price available on request from uniquepropertiesandevents.com...
...Shares in P&G ceded 1.2 per cent to $140.66....
...Despite recent hawkish moves, sterling has derived little benefit from the prospect of higher UK rates, falling against the euro and the dollar on Monday....
...Instead, sterling has slumped to its lowest level of 2021 against the dollar, as some investors fear that early rate increases could choke off a fragile recovery....
...Very different examples from the first category include L&G Digital Payments UCITS ETF (DPAY) and Procure Space UCITS ETF (YODA)....
...“Bonds are rallying in anticipation of meetings where the Fed will say something like this again,” said Randeep Somel, portfolio manager at M&G....
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