Wyn Thomas - Axys Investment Management

Weekly Market Update 9th September 2016

BANK UNDER PRESSURE OVER RATE CUT

Given how we often talk about the tendency of everyday investors to make irrational financial decisions; it is perhaps surprising to find ourselves talking

about the Governor of the Bank of England. This week, Mark Carney was summoned before a group of MPs over accusations that the Bank was too

aggressive in its move to cut interest rates to historic lows following the Brexit vote. One could argue that the hit to the economy has been softened

after an immediate rebound in PMI data in August, following a terrible July – however the truth is that we just don’t know what the long-term picture is. Read More……