Comment

UK GDP figures unrevised by ONS

Martin Beck, senior economic advisor to the EY ITEM Club, comments on the unrevised UK GDP growth figures from the ONS

The ONS’ decision not to revise its estimate of GDP growth in Q1 from 0.7% was unsurprising.

The Chinese yuan: a box less black

By Peter Sengelmann, Senior Portfolio Manager, Emerging Market & Asian Debt – Local Currency and Local Bonds, NN INvestment Partners

Jail illegally working immigrants – then what?

After years, no decades, of being told that all immigration is good for the UK the penny has dropped and the government has unveiled plans to send illegally working immigrants to jail

What does the Greek Prime Minister’s resignation mean for investors?

As news breaks that Alexis Tsipras is standing down as Greek Prime Minister, Ian Forrest, investment research analyst at The Share Centre, explains what it could mean for investors.

A competitive currency devaluation is not the primary reason for China’s latest policy move

By Michael Stanes, Investment Director at Heartwood Investment Management

Most market participants, including ourselves, were surprised by the People’s Bank of China’s (PBOC) policy action on the renminbi currency.

How will China's devaluation impact eurozone equities?

Martin Skanberg, European Equities Fund Manager at Schroders, comments on the effect that China's currency devaluation may have on European equities

Large yuan depreciation not expected

Schroders' Emerging Markets Economist, Craig Botham, comments on today's move by China to devalue its currency:

"We believe today’s moves by the People’s Bank of China (PBoC) do not signal the start of a substantial devaluation in the yuan

Payrolls offer the Federal Reserve flexibility, but what about the external risks?

By Michael Stanes, Investment Director at Heartwood Investment Management

Developed markets appear to be taking the theme of Fed tightening in their stride. The US treasury market has not reacted significantly, although shorter-dated bond yields are moderately higher

This is brainwashing not education

Right-minded parents should be very worried by this European Union project to promote itself to children. Even if you are pro-EU you should be concerned that such techniques can be used on minors; consider, the next time the subject matter being advanced may not be so much to your liking.

A Referendum ’Yes’ Vote is a Green Light for Massive Change

A ‘Yes’ vote in the forthcoming referendum on whether the UK should remain in the European Union or not will be a clear mandate for upping the gears leading to faster and ever-deepening EU integration.

What does the Bank of England’s ‘Super Thursday’ mean for investors?

• For the first time ever, the bank reports its interest rate decision, minutes and inflation report on the same day

• Only Ian McCafferty voted for an interest rate rise

Not so moral problem in Western Hemisphere

Puerto Rico defaulted on its $58 million bond issue

The story of Puerto Rico continues. As expected, last Saturday, 1 August, this U.S. commonwealth defaulted on its $58 Million moral bond.