🔒 UK traders react to Truss exit: ‘Markets are calling the shots’
Some traders said markets will be volatile until a replacement is named, and any new leader will struggle to fix the UK’s weak economy and double-digit inflation.
Some traders said markets will be volatile until a replacement is named, and any new leader will struggle to fix the UK’s weak economy and double-digit inflation.
Despite a flight to quality elsewhere, the rand has strengthened against the euro and sterling since the first shots were fired almost two weeks ago.
One of the classic dilemmas people who have retired abroad face is how to structure and manage their living annuities back home in South Africa. You cannot externalise a living annuity unless it is below a certain value.
The rand should be trading at R5.20 to the dollar, according to the latest Big Mac Index by The Economist.
With Sterling at 30-year lows, Paul Leaf-Wright’s £300m Atlantic Leaf is sure to have its admirers looking for a JSE-listed Rand Hedge.
It is now 19 months since we started the Biznews Global Share Portfolio and the good news is that every, single constituent rose in the past month.
As with all investment philosophy, when market conditions get fearful, it is time to consider investing in the market, says Liberty Corporate.
Pravin Gordhan said following the result of the Brexit referendum, developing countries including South Africa, were experiencing volatility in business.
The Rand dropped by the most since 2008 against the dollar and fell to a record against the yen as the UK voted to leave the European Union, rocking markets globally.
Japan’s retail investors look to have bought the dip in the pound just in time for it to fall off a cliff as polls showed Britons may vote to leave the EU.