Cambridge Weekly 5th August 2019

The Elephant and the Little Old Lady: A tale of two Central Banks It was the best of times, it was the worst of times. Dickens’ immortal line roughly sums up the differing actions of two of the world’s major central banks this week. In the US, the Federal Reserve...

Cambridge Weekly Update 29th July 2019

The quick and the not-so-quick It’s official: May is out and Boris is in. But despite the political changes this could bring, currency markets hardly reacted. £-sterling started the month at €1=£0.897, and remains at that level at the time of writing. It has weakened...

Cambridge Weekly Update 17th June 2019

Mixed messages After a good start, June has carried on in a positive way for investors. Over the past week stock markets consolidated their gains, while bond yields stopped falling. Following the rapid deterioration of US manufacturing data, a number of positive data...

Cambridge Weekly Update 10th June 2019

The return of the central bank put? Stock markets rallied on the hope that central banks’ reassuring comments will lead to monetary stimulus once again Are Woodford’s woes the death knell for active management? With deep knowledge of his investment...

Cambridge Weekly 7th May 2019

Central banks disappoint expectations Last week we wrote that stock markets faced being challenged by the decline of a number of stimulating aspects that had been regularly named as the drivers of the 2019 recovery. The most crucial one being central banks’ assurances...