Category Archives: Investing
The start of October saw even more historic lows for the British pound. However, the bad news doesn’t end there, and more losses are forecasted for the final quarter of 2016.
When Pensioner Bonds were first launched back in January of 2015, they were hailed by many as being the answer to low interest rates for those Over 65s who were eligible to apply. As it turned out, the solution was only a temporary one. While the one-year bond offered market leading rates of 2.8% at the time of launch, these rates were almost halved to a rate of just 1.45% when the one-year bonds matured earlier this year and NS&I announced that it was axing the scheme late last year.
We all know that putting some money away and saving for our child’s future is one of the most important and rewarding things we can do in life. While you may already have arrangements in place for this and regularly put away money for you child, we do well to ask ourselves the question from time to time ‘Am I really saving enough?’.
The Yen continues to face both headwinds and tail winds as forex traders look ahead to both the Bank of Japan and the Federal Reserve meetings which are scheduled to begin on September 20. While changes to policy are in doubt for both G3 central banks, the Fed is poised to tighten, while the Bank of Japan is likely to ease policy. The 10-year yield differential has moved in favor of the greenback during the second week of September after tumbling in the wake of the softer than expected U.S. jobs report.
It is a striking news: on the 16th August 2016 and for the first time, Raiffeisenbank Gmund cooperative bank, in Germany, announced that it will start to charge deposits in excess of 100,000€. Could this be the beginning of a temptation from European banks to pass on negative rates of the ECB?