The unprecedented events unfolding in UK politics this week will have distracted many UK investors from developments in the wider world. But those global developments may well carry far greater significance for near-term return developments than the latest ructions in Westminster.
One of the week’s most notable trends has been the strength of the US$. The dollar has gained around 1.2% against the €-Euro since the end of last week alone, and a similar amount against most other major currencies (with the notable exception of the Japanese ¥en). That strength is a continuation of what we have we seen since the beginning of the year: the US$ index – measuring the dollar against a basket of other currencies – is up over 3% since the start of 2019. And it comes despite the fact that the Federal Reserve has cut its interest rate twice this year already (which, all else being equal, should draw capital away from the US).
Tatton Asset Management PLC (LON:TAM) offers a range of services to directly authorised financial advisers in the United Kingdom. The Company provides on-platform portfolio management, regulatory, compliance, and business consulting services.
