Wyn Thomas - Axys Investment Management

Weekly Market Update 6th November 2015

SUPER THURSDAY MORE SUPERFLUOUS THAN ANYTHING

The second edition of the Bank of England’s curiously named press release once again failed to set pulses racing. Unsurprisingly, interest rates were kept on hold at their record low of 0.5 per cent, but worryingly UK growth and inflation forecasts were both cut through to 2017. The ultra-dovish stance coming out of Threadneedle Street is puzzling, especially considering that UK workers have nearly enjoyed a full calendar year of real wage growth. Moreover, the UK economy is supported almost entirely by the growth of the services sector where inflation sits at 2.5 per cent year-on-year. Read More…