Investment Clock insights

Rates on hold in July

Trevor Greetham

14 July 2016

The knee jerk rise in the pound looks like a selling opportunity. Economic data is already coming in weak and we are going to see forceful action from the Bank of England in August. Rising tensions with Europe are also likely to weigh on the pound after what could be a short-lived honeymoon for Prime Minister Theresa May - and a weak pound is part of the medicine the UK economy needs right now.

The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author’s own and do not constitute investment advice.