Central banks centre stage – Update by St. James’s Place Wealth Management

St. James’s Place Wealth Management (SJP) is a FTSE 250 company with £30.9bn of client funds under management. Through a dedicated network of advisers, the partnership, they offer face-to-face wealth management advice, which is tailored to meet individual circumstances.

Investors in Excellence is a customer of SJP and we are delighted to share the weekly market update which we find most valuable.

Central banks centre stage – Read the full article here!

  • Central banks hold centre stage as markets speculate over the next steps for the Federal Reserve and ECB.
  • Strong US and UK manufacturing data suggests steady recoveries remain on track.
  • Bad banks are back in the headlines as RBS announces disappointing results and a probe into alleged rigging of foreign exchange markets prompts more litigation fears.
  • With £400 billion estimated to be held in UK savings accounts paying less than 1% interest and ‘teaser’ rates coming under the regulator’s scrutiny, the ‘comfort blanket’ of cash is jeopardising plans for a secure financial future.