Overall Market Backdrop, September Developed markets struggled throughout the month as they continue to battle against high inflation, monetary tightening and lower growth expectations. The US 10-Year Treasury yields saw a huge uplift and ended at 3.80%, 67 basis points higher than the start of the month. Minimum Volatility was the best performing factor for […]
You can’t have failed to notice the fallout of the recent Mini Budget, a £45 billion tax cutting package, paid for by increased public borrowing. Since the Chancellor Kwasi Kwarteng delivered his statement, we’ve seen the pound crashing to its lowest level against the dollar in 37 years, the Bank of England buying £65 billion […]
Many of our older clients will remember Access and Barclaycard, the first credit cards in the UK. Access was launched by Lloyds, NatWest and Midland Bank (now HSBC) in October 1972. It was marketed as ‘your flexible friend’ – and had another advertising slogan as well: Access ‘takes the waiting out of wanting.’ Credit, tick, […]
As the writer Mark Twain supposedly said, “Reports of my death are greatly exaggerated.” Could 2022 be the year that cash says the same thing? Many clients reading this will remember the traditional method of budgeting used by their parents or grandparents: a pot for gas, a pot for electricity, one for food, another for […]
Introduction Speaking to journalists at a lobby briefing in 1964 – when the sterling crisis was raging – Prime Minister Harold Wilson famously said “a week is a long time in politics”. What, then, is a month? Especially a month like September 2022 when enough happened to fill a year’s worth of Bulletins. In the […]