The FTSE 250 recorded its worst daily performance since the UK voted to leave the European Union, after the Bank of England (BoE) highlighted a tougher UK economic outlook while its policymakers were divided over whether to raise rates this month.
The bank's decision to maintain rates at 0.25% was backed by five MPC members. However, three voted for a rate hike to combat rising inflation, which was two more than expected. On the news, the domestically-focused...
We must follow this meeting of the central bankers closely, argues Fabrizio Quirighetti, CIO and co-head of multi-asset at SYZ Asset Management.
Spent seven years at Aviva Investors
Second profit warning since June
Moved to Switzerland in 2010
Joins Vanguard, JPMAM, Hermes in shouldering costs