2016-10-10

(Source: ABN Amro Holding NV) Share In the past week, the financial markets were spooked by rumours that the European Central Bank (ECB) was about to throttle back its stimulus programme, while the British pound took a massive hit. We would be surprised if rumours that the ECB is looking to gradually wind down its asset purchase programme were true.Ben SteinebachHead of Investment Strategy This severe pressure on sterling initially followed the UK Prime Minister Theresa May's announcement at the Conservative party conference that the United Kingdom would trigger Article 50 and start Brexit by March 2017 at the latest. On Thursday sterling lost over 6% in the space of two minutes in Asian...

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