sterling

Reduced exposure to London property market

For US and eurozone equities

Pound has already fallen 10%

Allows investors to manage currency volatility

Concerns about sterling and gold

Shifts in currency and equity positions

Expanded to offer sterling, Swiss franc and euro exposure

UK inflation rises 0.1% in July to beat forecasts

Managers of the Ruffer Investment Company have raised exposure to sterling on the portfolio to its highest position ‘for many years'.

Fund managers and economists have reacted to the surprise news that only one MPC member voted for a rate rise this month, saying the UK economy is 'not out of the woods yet'.