The elephant in the room – sterling suddenly stampedes!

Financial markets welcomed signs of an easing in geopolitical tensions in October, with equities (risk assets) generally outperforming bonds (safe-havens). The US and Chinese authorities moved a step closer to agreeing a partial deal on trade, while the UK once again edged back from the precipice of a ‘no-deal’ Brexit. Global central banks reiterated a dovish stance and the US Federal Reserve (Fed) cut interest rates for the third time this year.

Continue reading this update by Portfolio Managers Paul Craig and Rasmus Soegaard.

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