sterling

Barclays Wealth has added multi-currency hedged share classes across its entire Dublin-domiciled GlobalAccess fund range.

Since the start of the year, sterling has weakened materially against the US dollar, and slightly against the euro. For owners of UK equities this is a mixed blessing.

Sterling hit a 10-month low against the dollar last week, to the clear surprise of many advisors.

The Standard Life Investments multi-asset team believes taking a long sterling position against the euro now looks attractive.

The euro has risen against the dollar this morning after the Greek government unveiled 4.8bn euros worth of austerity measures.

The Government borrowed £4.3bn in January, the first time there has been a budget deficit in January since records began in 1993.

Sarasin's Daniel Briggs has reduced sterling and euro exposure in the £231m GlobalSar IIID fund over concerns for public sector deficits.

This week's Conjecture panel debates whether current yields are bringing enough reward for the risks take and what issues managers in the sectors are currently facing

The year of the corporate bond fund has been a tug of war between duration risk and systemic risk

The pound fell to an 11-week low of €1.1461 yesterday despite bullish global equity markets.