Wyn Thomas - Axys Investment Management

Weekly Market Update 5th August 2016

BANK OF ENGLAND HEADLINES THE WEEK

This week the Bank of England surprised nobody by taking the emergency action Mark Carney had promised to prop up the economy following weeks

of deteriorating economic forecasts and survey data post Brexit. The headline rate cut is difficult to judge – rates are now half what they were, so

potentially could have an impact, but in absolute terms the quarter percent cut looks quite meagre. What is more interesting is the supporting actions

that have been designed to magnify the impact of the move. Read More….