RATE SPECULATION LEADS TO FURTHER PULLBACKS
Equities fell significantly this week despite various bits of positive news coming out in the press. Not least was the Office for National Statistics revising second quarter GDP growth up to 0.9 per cent, further improving the strength of recovery since the recent methodology change. Alas markets spooked by speculation over a rate rise in the US have failed to notice the fundamentals and piled into safe have assets anyway. Sadly this isn’t the first time and certainly won’t be the last as we get closer to possible central bank action. Read More….