Economics

Neptune's Felix Wintle has been rotating his portfolio into domestically-focused US equities as he predicts names linked to the consumer will power the economic recovery.

The pound has slid sharply over the last few weeks versus a basket of currencies, while the US dollar has continued its 2013 resurgence, but where are the screaming buys in currency markets now?

Sterling and gilt yields have jumped this morning after the latest Monetary Policy Committee minutes revealed Mark Carney and all other MPC members voted against more QE in July.

A member of the Monetary Policy Committee told the Treasury today that "all of the discussions" at the Bank of England are about extending the quantitative easing programme rather than slowing it down.

MONETARY POLICY

UK CPI inflation rose from 2.7% to 2.9% in June, with the largest upward contributions coming from petrol, clothing and footwear.

Pharmaceutical giant GlaxoSmithKline spent over £320m bribing Chinese doctors to prescribe its products, according to the country's police.

The Institute of Economic Affairs (IEA) is holding a competition to find the best plan for a 'Brexit' - a UK exit from the European Union.

The row between M&G and AIM-listed oil group Gulf Keystone Petroleum (GKP) worsened over the weekend after the energy company sent a highly critical note to shareholders.

Asian stock markets finished Monday's session firmer as the latest growth figures from China matched forecasts.