Look outside the UK – investment expert
By Andy Pearson
Investment expert Richard Croydon, divisional director of Brewin Dolphin’s Swansea office, has commented on the Bank of England’s latest decision to keep Interest Rates unchanged.
He said: “It’s no great surprise that the Bank decided to hold interests rates and the QE level.
“Although inflation (CPI) hit a 17-month high last month, the expectation is that it will fall back later in the year.
“Many commentators are now saying rates will stay as they are until next year and I tend to agree with that point of view.
“Investors should now keep a keen eye on the forthcoming Budget, changes to tax and spending cuts – and how these might impact markets.
“It’s time to look outside the UK a little more, I feel, with emphasis on the US and emerging economies such as India and China, both of which are under-owned by private clients.”
