Wyn Thomas - Axys Investment Management

Weekly Market Update 15th April 2016

BANK OF ENGLAND GIVES BREXIT WARNING

This week the Bank of England held interest rates at 0.5 per cent. Nothing spectacular here, however what was more poignant was the Bank’s warning that uncertainty surrounding the EU referendum could lead to “some softening” of growth in the first six months of this year. Despite there being nothing concrete about what the Bank has said, financial information firm Markit has reported that business confidence is already suffering as a result of June’s referendum. Expect further prophecies to be made from both camps, given that we are now a little over two months until the vote. Read More….