The Bank of England (BoE) has bitten the bullet and hiked the base interest rate from 0.25% to 0.5%, but in a dovish turn also provided forward guidance that outlines a very gradual path for future hikes. This was a close call with compelling arguments in favor and against. We are in the against camp and, looking ahead, we expect the BoE will have to stand down.
The lack of a Conservative majority realises a hung parliament. The impact of this on Brexit is hard to predict. Markets are likely to move into ‘risk-off’ mode seeing a decline in sterling, UK equites and gilts. Investors should prepare…
Russell Investments’ Senior Investment Strategist, Wouter Sturkenboom takes a look at the first 100 days of U.S. President Trump’s time in office and how it may, or may not have, influence European market performance.
Russell Investments’ Senior Investment Strategist, Wouter Sturkenboom reviews the Brexit drivers for the upcoming June 8 snap election as well as four key things for investors to watch as the mechanics of the UK leaving the EU get underway.