Following the Bank of England’s decision to cut interest rates, Marcel Porcheron (Director, Investment Strategy) and Caroline Connell (Director, Investment Management) host a podcast that answers some of the most common questions we’ve been receiving from clients.
A change in expectations
This time last year, discussion centred on when interest rates would rise. After the vote to leave the EU, expectations shifted in the opposite direction. Marcel calls the vote to leave a ‘watershed’ moment and we now need to wait on a fiscal response from the Government to see what happens next.
Marcel and Caroline discuss our own views and investment outlook. Our long-term views remain the same. We are cautious and note how the situation in the UK and Europe in particular remains complex.
Gold – a store of value?
While there are no guarantees, holding gold can be seen as a form of de-risking against a challenging investment backdrop. It is well documented that we took a position in gold last year, and it forms part of our dollar exposure. Marcel and Caroline discuss this exposure in the final minutes of the podcast.
Listen to the podcast today for a more detailed update and if you have any questions about it or your investments in general, please get in touch.
This article was previously published on Tilney prior to the launch of Evelyn Partners.