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Cobens Direct
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  3. GBP falls

GBP falls

Scheduled Pinned Locked Moved Investments and Portfolios
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  • A Offline
    A Offline
    Adam Kay
    Global Moderator
    wrote on last edited by
    #1

    Comments this morning from the Bank of England 'rates may fall faster than we first thought' due to potential inflationary pressures from oil has driven the pound down sharply (> 100bps) and strengthened the USD CCY pair-good for USD denominated assets.

    Regards

    Adam

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    • R Offline
      R Offline
      Renmure Jim
      wrote on last edited by
      #2

      Muppety question, but just to confirm…

      In general terms then, for PHT (and also Lifestyle?) a strong USD vs a weak GBP is relatively good because the share prices are in USD and you effectively get more for your money when converting them back into GBP values?

      Follow me for more high brow questions 🙂

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      • A Offline
        A Offline
        Adam Kay
        Global Moderator
        wrote on last edited by
        #3

        Hi Jim,
        Top marks :). We report in GBP and your USD assets, other things being equal, are worth more GBP.

        Regards

        Adam

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        The value of your investments can go down as well as up, and you may get back less than you invested.

        Cobens a trading name of Astute Financial Management UK Limited is authorised and regulated by the Financial Conduct Authority. Registered Address: 4th Floor Peek House, 20 Eastcheap, London, EC3M 1EB. Registered in England and Wales No. 5850981.

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