On Wednesday evening Fern Wealth’s Director of Investment Management, Alastair McCaig, joined Bloomberg anchors Jonathan Ferro and Guy Johnson for the weekly “Cable show”. This week’s discussion looked at the nomination of Christine Lagarde as Mario Draghi’s replacement as President of the European Central Bank. During the show, they also looked at Fridays Non-farm payroll data and could disappointing figures see the Fed increase July’s interest rate cut from 0.25% to 0.5%.
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The Swiss National Bank like many central banks have increased interest rates this week. This takes the @SNB_BNS base rate up to 1.5%
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