Whitechurch Asset Views: July 2017

For UK investors all eyes were on the General Election in June, but despite the surprise result, markets took it in their stride.

Of more interest to us, than the ongoing domestic political noise, has been the move of Central Banks over the month towards tightening monetary policy.

In the US, the Federal Reserve raised interest rates for the third time since December. Whilst in the UK Mark Carney signalled that interest rate rises were under consideration and in Europe Mario Draghi hinted Quantitative Easing stimulus may start to be withdrawn. However, Central Bankers have learnt their lesson in managing expectations, and although this saw a small sell-off in bonds and global shares, volatility has remained at low levels.

Read on for our review of the investment market place, political movements not withstanding!

Whitechurch Asset Views: July 2017